Foreclosure starts in the Washington suburbs rose last month following federal budget cuts that may have made it harder for some homeowners to pay their mortgages, even as defaults fell across the country, RealtyTrac said.
Initial foreclosure filings climbed 144 percent from August in Fairfax County, Virginia, and more than doubled in Prince William, Loudoun and Fauquier counties, the real estate research firm said today. Fairfax’s jump was the biggest in the U.S. among counties with populations of 1 million or more.
invite response
Foreclosure starts in the Washington suburbs rose last month following federal budget cuts that may have made it harder for some homeowners to pay their mortgages, even as defaults fell across the country, RealtyTrac said.
Initial foreclosure filings climbed 144 percent from August in Fairfax County, Virginia, and more than doubled in Prince William, Loudoun and Fauquier counties, the real estate research firm said today. Fairfax’s jump was the biggest in the U.S. among counties with populations of 1 million or more.
Http://mobile.bloomberg.com/news/2013-10-10/foreclosures-surge-in-d-c-area-after-federal-budget-cuts.html
#housing