Real estate foreclosures jump in New York, California

But national rate dips 12% from October

Inman News

Foreclosures increased in California and New York from October to November, according to RealtyTrac, an online marketplace for foreclosure properties, while Florida topped the list for the most properties in some stage of foreclosure.

RealtyTrac's November 2005 Monthly U.S. Foreclosure Market Report, showed that 71,606 properties nationwide entered some stage of foreclosure in November, a 12 percent decrease from October. The report shows a November national foreclosure rate of one foreclosure for every 1,615 U.S.

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