Idaho's October foreclosure rate is 157 percent higher than last year

Joe Estrella - jestrella@idahostatesman.com
Edition Date: 11/29/07

Idaho’s foreclosure rate in October was 157 percent higher than the same month a year ago, according to a report issued Thursday.
RealtyTrac, an on-line marketing site that monitors each state’s foreclosure rate, reported that 993 homes in Idaho were in some stage of foreclosure last month.
That was down 7 percent from the September numbers, but 157 percent ahead of October 2006.
It also out-paced a national average that was running 94 percent ahead of the same month a year ago.
However, Idaho is not the only state where an increasing number of people are losing their homes, said RealtyTrac Marketing Communications Manager Daren Blomquist.
“I think that people have heard enough about foreclosures that they know it has become an issue,” Blomquist said.
Nationwide, RealtyTrac said 224,451 homes were either in default, about to be auctioned off, or had been repossessed by the lender.