Foreclosure Activity Hits Nearly the One Million Mark in 1st Quarter According to: RealtyTrac

The foreclosure tide is still rising according to recent information published by RealtyTrac reported April 15, 2010. There was an estimated report that nearly 1 million foreclosure filings were brought against properties in the first 3 months of 2010. That is a 7% from previous quarter and a 16% increase from a year ago.

That amounts to 1 in every 138 homes in the United States.

Those numbers were including foreclosure filings including the notices of default, scheduled auctions and bank repo's totaling 932,234 properties. This was a new quarterly record.

It was reported that in March there was some 367,056 foreclosure filings the highest monthly total since RealtyTrac has reported since 2005.

In the first 3 months it was reported that there was 257,944 properties repossessed by the lender - an increase of 9% from previous quarter and 35% from the 1st quarter of 2009.

California ranked in the nation's fourth highest foreclosure rate, with one in every 62 homes receiving a filing.
Other states in the top 10 in the first quarter of 2010 were Michigan, Georgia, Idaho, Illinois, and Colorado.

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