Maryland foreclosures jump, Baltimore drops
October 23rd, 2008
Foreclosures in Maryland, Virginia, and Washington, D.C., surged in the third quarter.
But foreclosures around Greater Baltimore, however, declined.
Foreclosures in D.C. more than quadrupled to 1,330 compared to the third quarter 2007. Virginia foreclosures nearly tripled to 16,023. Maryland had the smallest increase, up 22 percent to 7,974 foreclosures. That compares to a national increase of 71 percent to a record 765,558 foreclosures, according to Irvine, Calif cash advance today.-based RealtyTrac Inc.
The Baltimore area ranked 84 out of the top 100 cities for foreclosures in the third quarter with a total of 2,723, down nearly 6 percent from the year ago quarter.
Filed under: economics by Wolf