U.S. foreclosures rise 58 percent in first half of 2007, data firm reports
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July 30, 2007

The number of U.S. homes facing foreclosure surged 58 percent in the first six months of the year, the latest sign of mounting problems in the mortgage industry, a data firm said Monday.

In all, 573,397 properties across the nation reported some sort of foreclosure activity in the first half of this year, including receiving notices of default, auction sale notices or being repossessed by lenders.
The number of U.S. homes facing foreclosure surged 58 percent in the first six months of the year, the latest sign of mounting problems in the mortgage industry, a data firm said Monday.

The national foreclosure rate through the end of June was one filing for every 134 U.S. households, the company said.

In the report, Florida was the No. 2 state for homes in some stage of foreclosure, with a total of 64,250, an increase of 77 percent year-over-year and up 41 percent from the last six months of 2006.

Source: http://www.iht.com/articles/ap/2007/07/30/business/NA-FIN-ECO-US-Foreclosure-Rates.php

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