As reported on KSL October 23, a new report shows Utah has the 10th highest rate of foreclosure filings in the nation. The report released by RealtyTrac Inc. also shows that the number of Utahns facing foreclosures rose 136 percent compared to the same time last year.
By the end of the year, RealtyTrac Inc. expects that over a million bank-owned homes will be sitting in the market. That's a third of all properties for sale in the U.S. RealtyTrac Inc. says 4,867 Utahns received at least one foreclosure-related notice during the third quarter.
http://www.ksl.com/?nid=148&sid=4600308
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