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Foreclosure Filings Double Year-To-Year

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Oct 11, 2007 11:46 am US/Pacific

Foreclosure Filings Double Year-To-Year

LOS ANGELES (AP) ― An Irvine-based real estate information firm reports that foreclosure filings across the U.S. nearly doubled last month compared with September 2006.

The increase reported today by RealtyTrac Incorporated comes as financially strapped homeowners already behind on mortgage payments have defaulted on their loans or have come closer to losing their homes to foreclosures.

The firm says more than 223,000 foreclosure filings were reported in September, up from more than 112,000 in the same month a year ago.

The number of filings in September was down 8 percent from August.

Still, the September figure represents the second-highest total for filings in a single month since the company began tracking monthly filings two years ago.

In all, 39 states saw a decline in foreclosure filings.

(© 2007 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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