Baltimore foreclosures escalate
Foreclosures tripled in July when compared to year ago levels
Baltimore foreclosures are heating up again.
Bloomberg News has more on why the hard-hit state is feeling the pains of another foreclosure wave:
Maryland’s biggest city saw foreclosures almost triple in July from a year earlier to 2,073, the biggest gain among the 20 largest U.S. metropolitan areas, according to data released today by RealtyTrac. Baltimore was one of five cities including Miami and New York that showed more properties getting default, auction and repossession notices, bucking a 32 percent nationwide decline to 130,888