IRVINE, Calif.–The number of foreclosures during 2007 was 75 percent higher than in 2006, as more than 1 percent of households in the country found themselves in some stage of foreclosure during the year, up from 0.58 percent in 2006. Total foreclosure filings for the year totalled 2,203,295, on 1,285,873 properties.
James J. Saccacio, chief executive officer of Realty Trac, which released the figures this morning, said that in the last quarter, foreclosure filings were “the highest quarterly total we’ve seen since we began issuing our report in January 2005.”
