Almost 2 Million Foreclosure Filings This Year!

Nearly two million foreclosure filings were recorded during the first half of the year, according to the market research company RealtyTrac. One in every 84 homes in the United States has received at least one foreclosure filing, the company says.

RealtyTrac released its mid-year 2009 U.S. Foreclosure Market Report Thursday, which shows a total of 1,905,723 foreclosure filings — including default notices, auction sale notices, and bank repossessions — were reported on 1,528,364 U.S. properties in the first six months of 2009. That figure represents a 9 percent increase from the previous six months and a nearly 15 percent increase from the first six months of 2008.

During the month of June alone, there were 336,173 properties with a foreclosure filing – the fourth straight month with more than 300,000, helping to boost the April through June total to the highest since RealtyTrac began issuing its report in 2005.

Rob Alley, Realtor at Keller Williams Charlottesville
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roballeyrealtor@gmail.com
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