Maine Foreclosures Down in September

By
Real Estate Broker/Owner with Maine Home Connection

Maine ForeclosuresFor September 2008 and Q3 2008 National foreclosure filings were reported on 265,968 properties representing a 12% decrease from the previous month but still a 21% increase from September 2007. One in every 475 U.S. housing units received a foreclosure filing in September.

In its most recent report completed by RealtyTrac, Maine ranked 41st in the country in total foreclosures, with one in every 2,996 homes receiving a foreclosure filing. Filings are down 4.1% for the Q3 vs Q2, but up over 1,000% compared to last year. Percentage increases can often sound startling, but in reality be somewhat misleading. 102 foreclosures in York County represent 1 in every 1,006 housing units. 42 foreclosures in Cumberland County represent 1 in every 3.137 housing units.

Percentage increases can often sound startling, but in reality be somewhat misleading. 102 foreclosures in York County represent 1 in every 1,006 housing units. 42 foreclosures in Cumberland County represent 1 in every 3.137 housing units.

Foreclosre information is based collected by RealtyTrac, which publishes the largest and most comprehensive national database of foreclosure and bank-owned properties, with over 1.5 million properties from over 2,200 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.

Comments (0)