Foreclosure rates increase in 47 states
Bob Morris @ May 30th 2005 08:20 - Category: Unfiled
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.â€
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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