Home forclosures up 53% in June compared to last June

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	Home forclosures up 53% in June compared to last June

BartendingBear

7-10-2008 11:54 PM

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BartendingBear says:

Don't you just love a robust economy? Don't we have some great economic geniuses at the helm?

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7-11-2008 12:13 AM

onlinedesign

"252,363 properties during the month" - that's a LOT of people in trouble...and it's sad. It's damn shame.

7-11-2008 12:52 AM

The REAL Napster

"economic geniuses at the helm?"

They used to call them crooks, thieves and liars.

Don't forget a large portion of the foreclosures are tied directly to fradulent and misleading activities by the lenders. Speaking of that, it seems members of congress even benefitted from 'Special" loan deals.
http://www.citizensforethics.org/node/32060

You don't see or hear about any of them losing thier homes though, do you?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ad2cc15b-ce43-4bde-9ebb-6549a8498788/344780E4-AEEC-43E7-8062-27A60DD27A67/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.reuters.com/article/topNews/idUSN0945481320080710?feedType=RSS&feedName=topNews" href="http://www.reuters.com/article/topNews/idUSN0945481320080710?feedType=RSS&feedName=topNews" style="font-size: 11px;">www.reuters.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/topNews/idUSN0945481320080710?feedType=RSS&feedName=topNews"><P>Home foreclosure filings jumped 53 percent in June from a year earlier, although they were down 3 percent from May, and foreclosures are expected to rise further, real estate data firm RealtyTrac said on Thursday.</P><SPAN id="midArticle_1"></SPAN>
<P></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/topNews/idUSN0945481320080710?feedType=RSS&feedName=topNews">Foreclosure filings rose on an annual basis in 39 states to a total of 252,363 properties during the month, with Nevada, California, Arizona and Florida posting the highest foreclosure rates.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/topNews/idUSN0945481320080710?feedType=RSS&feedName=topNews">One out of every 501 U.S. households received a notice of default, auction sale or bank repossession in June, RealtyTrac said.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/topNews/idUSN0945481320080710?feedType=RSS&feedName=topNews">"June was the second straight month with more than a quarter million properties nationwide receiving foreclosure filings,"</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/topNews/idUSN0945481320080710?feedType=RSS&feedName=topNews">"We have not yet reached the top of this foreclosure cycle."</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/344780E4-AEEC-43E7-8062-27A60DD27A67/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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