Saturday, September 18, 2010

Foreclosures rise, Repossessions set record

By the end of August, bank repossessions (the last call when it comes to foreclosures) hit 95,364.
338,836 homes were in the foreclosure process, or 1 in 381.
Nevada continues to have the highest rate of foreclosures (1 in 84)
they just so happen to have the highest unemployment rate as well.
Additionally those selling homes slashed more than $29 billion from asking prices.