Report: September Foreclosures Up 71% From Q3 2007
October 24, 2008 |
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A RealtyTrac U.S. Foreclosure Market Report Shows the third quarter foreclosure activity is up 3 percent from the second quarter and up an astounding 71 percent from the same time last year.
However, there is good news: September foreclosures decreased 12 percent from the previous month.
Most financial analysts attribute the decline to newly passed state legislation aimed at keeping homeowners in their home.
We all hope to continue to see more of a decline.
For more on the foreclosure crisis, check out these related Total Bankruptcy articles:
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