Number of foreclosure filings hit record in third quarter…”worst three months of all time” says online marketer of foreclosed homes…937,840 receive foreclosure letter…one in every 136 U.S home in foreclosure…Nevada is worst-hit state with on one filing for every 23 houses…foreclosures jump 170% in Vermont…U.S. government efforts appear futile…
Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, according to a report issued Thursday.
“They were the worst three months of all time,” said Rick Sharga, spokesman for RealtyTrac, an online marketer of foreclosed homes.
Read the full article by Les Christie “Foreclosures: ‘Worst three months of all time‘” at CNN Money (Oct 15, 2009).