2.2 Million Foreclosures In 2007

US Foreclosures Rise
The number of foreclosures filed by US homeowners increased sharply in December and left calendar-year 2007 foreclosures higher by nearly 1 mln compared with 2006, according to a private sector report released today. The number of foreclosure filings for December was 215,749, up 6.8 pct from November, according to California-based RealtyTrac.