Thursday, August 14, 2008
U.S. Foreclosure Activity (July 2008)
Above is a map of American foreclosure activity in July 2008. One issue is defining "foreclosure activity" in a meaningful way. Many homeowners can file for bankruptcy, thereby preventing actual foreclosure. Therefore, a particular homeowner does not necessarily lose his or her home merely by having "foreclosure activity," such as a notice of default (NOD).