By Hielscher, John SARASOTA-MANATEE HOUSING MARKET SARASOTA COUNTY – For the first time in at least seven years, the foreclosure rate has dipped below 2 percent in the Sarasota-Manatee region. The rate of foreclosures among outstanding mortgages in the two counties fell to 1.91 percent
By Sara Murray | Wall Street Journal | January 7, 2010
Personal bankruptcies soared last year in Western states hit hardest by the real-estate bust.
In states such as California, Arizona and Nevada, where housing prices soared and then collapsed during the past decade, consumer bankruptcy filings rose roughly twice as much as the national average increase of 32%. Homeowners fell behind on mortgages and could no longer tap into their home equity to pay down other debts.
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