RealtyTrac: New Foreclosures Rise

Meanwhile, RealtyTrac, another online foreclosure marketplace based in Lake Forest, Calif., has reported that the number of new properties in some stage of foreclosure accelerated in March.The company's Monthly U.S. Foreclosure Market Report indicates that approximately 62,400 new foreclosure properties were added to the rolls in March, a 17% increase from the February number. "While some of the increase can be attributed to new counties in our coverage area, foreclosures clearly increased from February to March," said Jim Saccacio, RealtyTrac's chief executive officer. "We'll be watching the April numbers very carefully to see if this is the beginning of a trend, or a one-month aberration." The company said five states accounted for more than 45% of all March foreclosures: Florida, Utah, Georgia, Texas, and Colorado. RealtyTrac can be found online at http://www.realtytrac.com.