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Foreclosure Filings Up in May
Published: June 13, 2008

Irvine, Calif.--Foreclosure filings rose almost 50 percent in May compared to 2007, according to Irvine, Calif.-based foreclosure listing service RealtyTrac.

In May, 261,255 homes received at least one foreclosure-related filing--a 48 percent increase from May 2007 and a 7 percent rise from April, the New York Times said Friday.

The highest number of U.S. households received a foreclosure filing last month--one in every 483 households, RealtyTrac said.

Foreclosure filings grew in all but 10 states in May, compared to 2007 levels.

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