US Foreclosure Filings Up 94% in October

[Joanne98]

Source: AP

LOS ANGELES (AP) -- U.S. foreclosure filings nearly doubled in October from the same month last year, the latest sign many homeowners are falling behind on mortgage payments and increasingly losing their homes, according to a mortgage research company.

A total of 224,451 foreclosure filings were reported in October, up 94 percent from 115,568 in the same month a year ago, Irvine-based RealtyTrac Inc. said Thursday.

The number of filings in October rose 2 percent from September's 223,538.

The U.S. had one foreclosure filing for every 555 households in October, RealtyTrac said.



Read more: http://biz.yahoo.com/ap/071129/foreclosure_rates.html?.v=2

[madrchsod]

1. move along ...nothing to see....we are at war

[Zorra]

2. And in Oct. 2006, foreclosures were up about 45% over Oct. 2005.

I'm not real educated in the field of economics, but given the current credit crisis, it seems to me that things are going to get a whole lot worse before they get better, if they ever get better.

Heckuva job, Bu*hie.

[customerserviceguy]

4. And in October 2008

they'll be up considerably from this year. Good time to have an election...

[goforit]

3. wow!!!

[TheWatcher]

5. Why Do you Hate America?

The Economy Is Robust.

Everything is fine in Pleasantville.

Nothing bad can ever happen to you, because as long as you are an American, and you feel good and keep telling yourself that the status quo will never change, then it won't.

Look, the Stock market just had it's third biggest two-day advance in history. We could not be more prosperous. Stop listening to naysayers who just want to destroy America, like the IslamoMuslimFascistEvilDoers.

Please, just go catch some Dancing With The Stars on TiVO.

Everything is just fine.*
























*And if you believe that, I have a bridge to sell you. Cheap