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Manassas Park,
Virginia ranks number 17 of 100 counties
in the nation with the highest percentage of households
facing
foreclosure, according to data provided in RealtyTrac's August 2007
U.S. Foreclosure Market Report.
In August, 243,947 foreclosure filings were reported nationwide;
up 36 percent from the previous month and up 115 percent from August
2006. This is the highest number of foreclosure filings in a single
month that RealtyTrac has reported since it began issuing the
monthly report in January 2005.
The report also showed a national foreclosure rate of one
foreclosure filing for every 510 households for the month; the
highest national ratio ever issued by the foreclosure tracking
company.
For homeowners in Manassas Park city County the ratio is even
more alarming. One of every 126.52 households in the county is now
facing foreclosure.
With 4175 households and total foreclosure filings in August
reaching 33, Manassas Park is one of 8 counties in Virginia to make
the national list for counties with the highest foreclosure rates.
Although it is unclear what may have caused foreclosure activity
in Manassas Park city County to spike, one thing is clear. The
situation is a national crises for homeowners with mortgages they
can no longer afford AND an unprecedented opportunity for investors
and home buyers.
The resources listed below will help you protect your home,
lower or cancel your mortgage, or find a new home at a price no one
could have imagined just a few years ago. |
