Foreclosures Continue to Skyrocket

July 30, 2007

Foreclosures Continue to Skyrocket

The number of people struggling to pay their mortgages has skyrocketed in the first half of 2007, according to new data released today by RealtyTrac.

During that time period there were 925,986 foreclosure filings -- default notices, auction sale notices and bank repossessions -- on 573,397 properties nationwide, up more than 30 percent from the previous six-month period and up more than 55 percent from the first six months of 2006.