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Rise in foreclosures 'a shock'
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Posted on
Mar 13 2009 5:16 AM
by
adeal
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The foreclosure picture suddenly darkened again in February. More than 74,000 homes were lost to bank repossessions during the month, up from 67,000 in January, according to a regular monthly report from RealtyTrac, the online marketer of foreclosed properties. Nearly 1.2 million have been lost since the foreclosure crisis hit in August 2007. The number of foreclosure filings rose 6% during the month after falling 10% in January. Worse, filings leaped nearly 30% compared with February 2008.
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