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.
The filings include default notices, auction sale notices and bank repossessions.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Want to see more stories from trusted news sources?
Make The Adviser a preferred news source on Google.
Click here to add The Adviser as a preferred news source.
