The Real Deal Miami

Bank repossessions of US homes double 

June 13, 2008 10:12AM

Bank repossessions of U.S. homes more than doubled in May, while
foreclosure filings rose 48 percent from a year earlier, according to
RealtyTrac data. New Jersey entered the Top 10 for foreclosure rates.
In this month’s New York issue, The Real Deal looks at the growing numbers of
REO properties, Real Estate Owned by investors and banks.