Foreclosure rates increase in 47 states

From the Washington Post

“Philadelphia, its suburbs and indeed much of Pennsylvania have experienced a foreclosure epidemic as low-income homeowners take on mortgage debt they cannot afford. In 2000, the Philadelphia sheriff auctioned 300 to 400 foreclosed properties a month; now he handles more than 1,000 a month. Allegheny County, which includes Pittsburgh, had record auctions of foreclosed homes, and officials speak of a “Depression-era” problem. The foreclosures fall particularly hard on black and Latino families.”

via BOPnews

Real estate foreclosure rates soar in Sunbelt

Dallas may lead Texas, nation in home foreclosure rate

Here’s the chart for all states.

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