Thursday, July 10, 2008

June swoon: Foreclosures and bank repossessions still up

"The number of Americans losing their homes to foreclosure continued to soar in June, according to a report released Thursday.

RealtyTrac, an online marketer of foreclosed properties, reported that lenders repossessed 71,563 homes in June. A year ago, just 26,369 homes were taken back.

During the first six months of 2008, 343,159 Americans lost their homes, up 136% from 145,696 recorded during the same period in 2007."

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June swoon: Foreclosures and bank repossessions still up

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