Thursday, July 16, 2009

Historic Obamanation: Foreclosures at Record High in 1st Half of 2009 Despite Aid

U.S. home foreclosure activity soared to a record high in the first half of the year.

Foreclosure filings jumped to a record 1.9 million on more than 1.5 million properties in the first six months of the year, RealtyTrac said on Thursday.

The number of properties drawing filings, which include notices of default and auctions, jumped 9.0 percent from the second half of 2008 and almost 15 percent from the first half of last year.

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