According to RealtyTrac, December led 2005 with the highest number of foreclosures. The December 2005 Monthly U.S. Foreclosure Market Report, which shows 81,290 properties nationwide entered some stage of foreclosure in December, a 13.5 percent increase from the previous month.
“December’s higher US foreclosure rates were almost exactly the same foreclosure rates reported in October, which means that the two months with the highest numbers of foreclosures were both in the fourth quarter of 2005,” said James J. Saccacio, chief executive officer of RealtyTrac. “These rising numbers to finish off the year may indicate that economic factors such as higher interest rates are making it harder for some homeowners stay current on their mortgage payments.”
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