CNN Money - Foreclosures up 75% in 2007
Foreclosures continue to soar - Jan. 29, 2008
Excerpts from the article
The number of foreclosures soared in 2007, with 405,000 households losing their home, according to a report released Tuesday.
Total foreclosure filings soared 97% in December alone compared with December of 2006, according to RealtyTrac, an online seller of foreclosure properties. For the year, total filings - which include default notices, auction sale notices and bank repossessions - grew 75%.
End of excerpts.
The hardest hit are/were California, Florida and Michigan.
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