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| Orlando Foreclosures Hit July Record |
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| Thursday, 20 August 2009 20:46 |
Orlando Foreclosures hit another record for foreclosures in JulyThe number of properties subjected to foreclosure-related filings grew 7 percent from June to July, with one in 355 homes being hit with an initial default notice, notice of foreclosure sale, or foreclosed on and repurchased by a bank, data aggregator RealtyTrac reported today.The 367,198 foreclosure-related filings tallied by RealtyTrac in July represented a 32 percent increase from a year ago, and the third record in five months. “Despite continued efforts by the federal government and state governments to patch together a safety net for distressed homeowners, we’re seeing significant growth in both the initial notices of default and in the bank repossessions,” RealtyTrac Chief Executive Officer James Saccacio said in a press release. |
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