Foreclosures Rise in March

April 18, 2008 | Filed Under Real Estate News 

Foreclosure filings nationwide increased 5 percent in March from the previous month, and they were 57 percent higher than in March 2007, according to the latest report from RealtyTrac, an online marketer of foreclosure properties. One in every 538 U.S. households received a foreclosure filing last month — including default notices, auction sale notices and bank repossessions — on a total of 234,685 properties.

Nevada posted the nation’s highest foreclosure rate again, which was 3.9 times higher than the national average. California and Florida ranked second and third, respectively, for the fourth straight month. States posting the lowest foreclosure rates were Vermont, North Dakota and South Dakota.

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