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Latest Foreclosure Numbers…It’s Getting Worse

During the third quarter of 2007, more than 635,000 foreclosure filings were reported nationwide. This works out to one foreclosure for every 196 households. The filings include everything from default notices to auction sale notices to actual bank repossessions.

According to Realtytrac, a foreclosure tracking service, “August and September were the two highest monthly foreclosure filing totals we’ve seen since we began issuing our report in January 2005,”

And the big interest resets from loans closed in 2006 still haven’t started.

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