HIGH FORECLOSURE RATE SLAMS LOWER HUDSON REGION

HIGH FORECLOSURE RATE SLAMS LOWER HUDSON REGION

The region continues to be hit hard by economic woes, including unemployment and the resultant loss of homes. Monthly figures cited by The Journal News show a more-than two-fold year-to-year increase in initial foreclosure filings across the lower Hudson Valley. That includes an increase in Rockland from 94 filings in October, 2008, to 177 filings last month. The October increase in Westchester was even steeper, from 96 foreclosure filings in 2008 to 320 filings in 2009.