Maryland Foreclosures Up in June 2010
July 21, 2010 by Marney Kirk
Filed under Baltimore, Blog
Maryland foreclosures were up in June 2010 as well as the whole first half of the year.
There were 6,304 foreclosures filed in Maryland last month. This is up 104% from last year in the same month. This is an interesting statistic, considering that across the US, foreclosure filings were down 7%.
The entire first half of the year also saw a large rise in Maryland foreclosure filings, up 56.2% from last year to 28,293.
The Baltimore Business Journal reported:
“The roller coaster pattern of foreclosure activity over the past 12 months demonstrates that while the foreclosure problem is being managed on the surface, a massive number of distressed properties and underwater loans continues to sit just below the surface, threatening the fragile stability of the housing market,” RealtyTrac CEO James J. Saccacio said in a statement.
I am hoping to see the foreclosure numbers drop as more people look to do a short sale in Maryland.
Contact me for more information on how to avoid foreclosure in Baltimore.
[...] were 6,961 foreclosure filings in July, up from 6,304 in June. The first half of 2010, Maryland foreclosures were up 56.2% over this same time last [...]
[...] Maryland foreclosures too are at an all time high, as I discussed in both July & August, up 56.2% in the first half of 2010, and 10th worst in the US. [...]