The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said Tuesday. Many homeowners started shortsale information to fall behind on mortgage payments in the last three months, setting the stage for more foreclosures this year.
Ohio was among the top ten states for foreclosure filings during 2007.
About 1.3 million homes nationwide received foreclosure-related warnings last year, up from 717,522 in 2006, Irvine-based RealtyTrac Inc. said. Foreclosure filings rose 75 percent from the prev