Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

US foreclosures nearly double within a year

Staff Reporter 1 minute read

US home foreclosures have nearly doubled in a year – highlighting how many homeowners were falling behind on mortgage payments and losing their homes as a result of the US sub-prime fallout.

A total of 224,451 foreclosure filings were reported across the country in October, up 94 per cent from the same time a year ago, says online real estate company RealtyTrac.

Advertisement
Advertisement

The filings include default notices, auction sale notices and bank repossessions.

US foreclosures nearly double within a year
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
mortgage choice 850 Major brokerage appoints new GM of distribution

Mortgage Choice has announced that Citi’s former head of bankin...

ANZ new still ta ANZ extends business loan terms

The major bank has announced that it will extend the maximum loan...

cash money rolls Credit growth stunted by dive in business lending

Credit growth has waned as a result of a sharp drop-off in busine...

FROM THE WEB