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Subject:  Re: Market Bottom "Not Yet" Date:  3/23/2008  9:13 PM
Author:  lquadland10 Number:  37415 of 623

Here is one reason the bottom is not in. A total of 2,203,295 foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 1,285,873 properties nationwide during 2007, up 75 percent from 2006. "The year ended with a monthly increase of 7 percent in December, making it the fifth straight month with more than 200,000 foreclosure filings reported and giving the fourth quarter the highest quarterly total we've seen since we began issuing our report in January 2005," said James J. Saccacio, chief executive officer of RealtyTrac.
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