The August foreclosure numbers are in and they are not pretty. They are the highest numbers seen since the beginning of the housing crisis; 304,000 homes were in default , and 91,000 famillies lost thier homes all in one months time.

This is a 12 percent growth from July and a 27 percent growth from August 2007. One of the hardest hit states was California who has eight of the top ten metro areas with the highest foreclosure rates, with Stockton, California coming in on the top of that list.

As the experts have said, we have not hit bottom.

This entry was posted on Friday, September 12th, 2008 at 11:36 am and is filed under Foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.