Sunday, June 8, 2008

Foreclosure Casualties High In GI Households

You think your town's real estate market is under siege?

Families of our nation's fighting forces are struggling much more against the scourge of foreclosures.
The rate of foreclosures in towns where soldiers and sailors live is increasing at nearly four times the pace of the national average.
That's more than during the Vietnam War, the Korean War and World War II, according to data from Realtytrac.com.
Realtytrac.com says foreclosure filings in 10 towns and cities within 10 miles of military facilities, rose by an average 217 percent from January through April this year, compared to last year. Nationwide, the overall rate during the same period was only 59 percent

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