75% of U.S. cities in the first half the number of homes lost their right of redemption up
YORK July 30 morning news, according to foreign media reported yesterday, California real estate data organization RealtyTrac Inc said in a report Thursday, the first half of this year 75% of U.S. metropolitan areas in foreclosure increase in the number of housing due to a higher level of unemployment in many homes all lead to inability to repay mortgages.
RealtyTrac report shows that in Baltimore, Oklahoma City and Albuquerque, New Mexico (Albuquerque) and other large urban areas, in the first half received notification letter mortgage foreclosures, the number of homes than the same period last year more than doubled; in Salt Lake City, Georgia, Savannah (Savannah) and Atlantic City, NJ (Atlantic City) and other large urban areas, in the first half received notice of default, auction notice or forfeited notice than the number of housing same period last year more than 50%.
RealtyTrac senior vice president of marketing for Likeshajia (Rick Sharga), said in a telephone interview: "the housing foreclosure phenomenon are those areas worst hit spread out . We are facing a potential economic weakness in the situation, rather than the unsustainable housing prices and bad loans. "(Jin-liang)
