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Foreclosures Jump 57 Percent in March; Are Borrowers Walking Away? 

Apr 15, 2008By

Hopes for a rebound in U.S. housing during March may have been premature, given new data released Tuesday morning which found that foreclosure filings — including default notices, auction sale notices and bank repossessions — were recorded on 234,685 properties nationwide during March. The total for the month was a five percent rise from February levels, and a 57 percent jump compared to one year earlier, according to RealtyTrac’s U.S. Foreclosure Market Report.

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