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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Foreclosure Rate Up 25 Percent From 2007

October home foreclosures were up 25 percent compared to October 2007, according to RealtyTrac, a business that tracks foreclosures for people who are looking to buy distressed properties.

Nearly 280,000 homes received at least one foreclosure-related notice last month, an increase of 5 percent over September, RealtyTrac said.

That translates to one in every 452 homes getting a foreclosure filing, such as a default notice, auction sale notice or bank repossession.

More than 84,000 properties were repossessed in October, RealtyTrac said.

-- Frank Ahrens

The Ticker is Twittering!

By Frank Ahrens  |  November 13, 2008; 11:43 AM ET
Categories:  The Ticker  
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