Foreclosure Hit 1 out of 194 Homes

This year, over 155,000 families have lost their homes to foreclosures and within the first three months of 2008 the number of new filings for foreclosure reached a high of 112%. According to CNN, the states that have been the most greatly affected are in the Southwest, with Nevada, California, and Arizona at the top of the list for foreclosure filings. The outlook is not much more hopeful, with an expected spike again in the last third or fourth quarter of this year.

For details on this story, please visit:
http://money.cnn.com/2008/04/29/real_estate/foreclosures_still_rising/index.htm?section=money_realestate