August 14, 2008
Maine foreclosures continue to increase
By The Mainebiz News Staff
One in every 2,710 Maine single-family homes was in at least one stage of foreclosure in July, an almost two-fold increase from the same month last year.
During July, there were 255 foreclosure filings -- default notices, auction sale notices and bank repossessions -- reported in Maine, a 104% increase from July 2007, according to RealtyTrac, a California company that tracks foreclosures. July's foreclosure filings, however, represent a 7.6% decrease from June.
Nationally, there were foreclosure filings reported on 272,171 U.S. properties during July, an 8% increase from the previous month and a 55% increase from July 2007. The report also shows one in every 464 U.S. households received a foreclosure filing during the month.
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