Maryland foreclosures were up in July 2010, an increase even over June, which was up 104%.
There 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 year.
Maryland increased 10.4% over June, while nationwide, foreclosure filings were up 4%, the Baltimore Business Journal reported. This makes Maryland the 10th hardest hit state in the US. From July 2009 to July 2010, Maryland’s filings have risen 35%.
I am still hoping to see foreclosure numbers drop as more people look to do a short sale in Maryland. This seems to be the case, as default notices have dropped consistently in the past six months, according to RealtyTrac.
Contact me for more information on how to avoid foreclosure in Baltimore. You may have other options!