U.S. home foreclosures rise in July

COMPARED WITH July 2006, foreclosures nationwide rose 93 percent, RealtyTrac said. Above, sign advertising foreclosure resolutions sits outside a home in Eugene, Ore., late last month.  /
COMPARED WITH July 2006, foreclosures nationwide rose 93 percent, RealtyTrac said. Above, sign advertising foreclosure resolutions sits outside a home in Eugene, Ore., late last month. /
IRVINE, Calif. – The number of U.S. homeowners facing foreclosure rose 9 percent in July compared with June, as rising interest rates put the squeeze on holders of adjustable-rate mortgages (ARMs), according to a report today from RealtyTrac Inc. Compared with July 2006, foreclosures were up 93 percent last month, rising in 43 of the…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -