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Foreclosures More than Double in Q2 

Jul 25, 2008By

A housing mess of historic proportions rolled on unabated in the second quarter, pushing foreclosure filings up 14 percent from first quarter totals, and more than doubling year-ago totals. Foreclosure filings were reported on 739,714 U.S. properties during the second quarter, a 121 percent increase from the second quarter of 2007, according to property information service RealtyTrac. Perhaps the more troubling news is that the foreclosure phenomenon is spreading beyond so-called bubble states.

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