Foreclosure Filings Up in May

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…

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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