June Foreclosure Rates Up - KCBD NewsChannel 11 Lubbock

7/10/08

June Foreclosure Rates Up

June's foreclosure rates in the United States have jumped by more than 50 percent over last year's numbers. 

According to Realty Trac, more than a quarter million homes received a foreclosure notice in June, another 71,000 were repossessed.

Economists say there will be two and a half million homes in foreclosure this year, up by a million over 2007.

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