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Foreclosures up 455 percent in ?07

By Aaron Cahall
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Foreclosure filings jumped 455 percent across Maryland in 2007, according to data released Tuesday, which paints a yearlong picture of the havoc wreaked by a failing subprime mortgage market.

The state ranked 17th in the nation with 25,109 default notices, auction sale notices and bank repossessions last year, accounting for 18,879 separate properties, or 0.83 percent of all Maryland households, according to online foreclosure research firm RealtyTrac.

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