by Calculated Risk on 8/14/2008 02:15:00 AM

From AP: US foreclosure filings surge 55 percent

The article quotes RealtyTrac as reporting more than 272,000 homeowners received foreclosure notices in July, up 55% from July 2007. And up 8% from June 2008.

Also, according to RealtyTrac, there are more than 750 thousand foreclosed homes for sale in the U.S., or 16.7% of the 4.49 million total U.S. homes for sale.