Monthly Archives: October 2013

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Oct 9, 2013

Maryland Foreclosures Rapidly Rising: Up a Staggering 275%

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If you thought the housing crisis was a thing of the past, then you’ll have a hard time explaining the latest foreclosure numbers in the state of Maryland. Maryland foreclosures grew by a staggering 275% in July 2013 compared to July 2012. This is based on research from RealtyTrac Inc., which places Maryland as the far and away leader in terms of current foreclosure growth rates or spikes in states across the country.¬† The state with the second highest increase was Oregon, with 137%, followed by New Jersey at 89%. This shows even more clearly how much of an outlier the state of Maryland is right now with its foreclosures.

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