RealtyTrac

Report: November’s Foreclosure Rate Highest of the Year 

A new report shows that 120,334 properties nationwide entered some stage of foreclosure during the month of November, an increase of 4 percent from the previous month and an increase of 68 percent from November 2005. The report, released today by online property marketplace RealtyTrac, also shows a national foreclosure rate of one new foreclosure filing for every 961 U.S. households, the highest monthly foreclosure rate reported so far this year. “Defaults, auctions and bank repossessions all trended higher in November, bringing the year-to-date foreclosure total to almost 1.2 million — up 43 percent from the same 11-month period of 2005,” said James J. Saccacio, CEO of RealtyTrac.