Despite government efforts to rescue distressed homeowners, the number of Massachusetts homes in foreclosure soared by 43 percent in July compared to the same month last year, the Boston Herald reported August 13, 2009.
The data come from RealtyTrac, a California-based publisher of foreclosure statistics.
RealtyTrac reported that 5,114 homes in Massachusetts received default notices, scheduled auctions or were repossessed by a bank in July.Nationally, 360,149 U.S. properties were in the foreclosure process last month, an increase of 32 percent from July 2008. The report also shows that one in every 355 U.S. homes received a foreclosure filing in July.
The top state foreclosure activity totals in July were reported by California ( 108,104); Florida (56,486); Arizona (19,694); and Nevada (19,535). Together these four states accounted for nearly 57 percent of the nation’s total foreclosure activity.
Comments