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Foreclosures Spread in USA, Idaho Home seizuers Soar 822%

Foreclosures Spread in USA, Idaho Home seizuers Soar 822%

"The number of homes seized by lenders at least doubled in 19 states and more than tripled in seven of them ... New defaults are declining and appear to have bottomed in states where the crisis began, falling 43 percent in California, 37 percent in Florida and 27 percent in Nevada in the second quarter from a year earlier ... Home seizures soared 822 percent in Idaho in the second quarter, and the state had the seventh-highest foreclosure rate, according to RealtyTrac. Boise’s median house price was $140,100 in the quarter, down 34 percent from the peak $212,800 in 2007."