RealtyTrac just reported home foreclosures rose in 3 of every four large U.S. metro areas in this year’s first half.
Banks will take over at least a record 1 million mortgages this year, RealtyTrac estimated earlier this month, noting that more than 5 million loans are seriously delinquent and face foreclosure.
More than 3 million households are seen getting at least one foreclosure notice this year, and this record will be surpassed slightly at the peak of next year, RealtryTrac expects.
Las Vegas had the country’s highest metro foreclosure rate in the first half of the year, with 6.6 percent of its housing units, or one in 15, getting a filing.
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