Thursday, January 4, 2007

Foreclosures are rising in the US

Foreclosures nationwide were up 43% from a year ago in the third quarter of 2006. Here are the rankings for the 100 largest U.S. metropolitan areas.By Melinda Fulmer


"Foreclosures are rising in many parts of the country, fueled by a slowdown in home sales, slumping real-estate prices and rising payments on adjustable-rate mortgages. "

"Homeowners who have lost a job or faced another economic crisis are finding it hard to refinance or take out home-equity lines of credit to bail themselves out, analysts say. " FULL ARTICLE.

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