Foreclosure rate up in Jefferson County
A new national report suggests foreclosure filings could reach one million this year and the numbers continue to climb across Kentucky.
RealtyTrac Incorporated follows foreclosures and firm officials say such an increase would be “worse than ever recorded.”
According to RealtyTrac research, lenders took over an estimated 528,000 homes in the first six months of 2010.
Jefferson County Kentucky’s Master Commissioner Edith Halbleib said the county has experienced a 7.5 percent increase in 2010 compared to the same time period in 2009:
JAN.-JUN.
January – June 2009 Foreclosure Filings:
2,386
January – June 2010 Foreclosure Filings:
2,565
Halblieb says government programs have made it possible for some Jefferson County families to avoid their foreclosure proceedings actually reaching a judge. Still, across the state, not everyone has been as fortunate.
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