Industry NewsMortgage

August foreclosures top 100,000

Real estate brief
Published on Sep 9, 2008

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Nearly 102,000 homeowners lost their properties to foreclosure in August, up nearly 6 percent from July and more than 80 percent higher than in August 2007, according to data released Monday by Foreclosures.com, a provider of foreclosure information.

So far this year, lenders have repossessed a record 656,545 properties nationwide -- or 8.6 of every 1,000 households in the United States -- and remain on track to repossess more than 1 million nationwide by year-end, Foreclosures.com reported.

Comments