by Calculated Risk on 1/09/2007 02:14:00 PM

From LA Bizjournals: Foreclosures increase 51 percent nationwide

Foreclosures increased 94 percent last year to 157,417 homes in California, as homeowners struggle with fast-rising home payments and a slow-selling market, according to ... ForeclosureS.com.

Nationwide, almost 971,000 foreclosure filings were reported last year, 51 percent more than the 641,000 in 2005, according to the annual report.