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9/8/2008 06:02am
(US) Foreclosures.com reports more than 100K homeowners lost their homes in August +80% y/y, +6% m/m sequentially

- So far this year, lenders have repossessed a record 656,545 properties nationwide - or 8.6 of every 1,000 households in the United States - and remain on track to repossess more than 1M nationwide by year-end, ForeclosureS.com reported.
- Year-to-date 1.45M homeowners (19.6 of every 1,000 households) faced pre-foreclosure actions by lenders, almost double the number a year ago. ForeclosureS.com's comprehensive analysis of pre-foreclosure and foreclosure proceedings nationwide is based on the number of formal notices filed against a property during the foreclosure process. That can include notice of default, notice of foreclosure auction, and/or notice of REO (lender-owned real estate that occurs after a foreclosed property fails to sell at auction and reverts back to the lender). All pre-foreclosure filings do not end up in foreclosure.



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