July 18, 2024

FrownLast year, more than 1.2 million foreclosure filings nationwide were recorded by RealtyTrac, a Web site that compiles default notices, auction sales and bank repossessions. That’s up 42 percent from 2005. Based on filings for the first two months of 2007, RealtyTrac’s CEO James J. Saccacio forecast a 33 percent rise in foreclosures this year.[tags]foreclosures, real estate, real estate foreclosures, real estate bubble, housing bubble[/tags] downtown San Diego condos

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