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Monday, August 13, 2012

D.C. Area Foreclosures: What A Difference A State Makes

When it comes to foreclosures and people losing their homes, it's a tale of two states.

The Washington Examiner reports   Maryland leads the nation in foreclosures. It cites a survey by the Mortgage Bankers Association which finds Maryland's rate for foreclosures is nearly double the national average.

But the opposite trend is happening in Virginia. According to RealtyTrac, a company which tracks U.S. foreclosures, Virginia saw foreclosures plummet 65 percent in July compared to a year ago. Washington, D.C. also saw foreclosures decrease year-over-year.

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