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Home Foreclosure Filings Surge 57 Percent

HeadlineApr 16, 2008

In economic news, home foreclosure filings surged 57 percent in the twelve-month period ending in March, and bank repossessions soared 129 percent from a year ago. The real estate data firm RealtyTrac is predicting the number of foreclosures will continue to rise in coming months. One in nearly every 500 US households living in a single-family dwelling received a foreclosure filing last month. The hardest hit states have been Nevada, California and Florida.

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