Industry NewsMarkets & Economy

Foreclosure activity escalates in Q1

Utah's foreclosure rate soars
Published on Apr 15, 2010

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

Properties receiving foreclosure filings jumped 16 percent in the first quarter compared to the same period last year, according to a quarterly report by foreclosure data site RealtyTrac.

Filings -- default notices, scheduled auctions and bank repossessions -- went to 932,234 properties, a 7 percent surge from the fourth quarter. That means 1 in every 138 housing units in the country received a foreclosure filing, the report said.

Comments