Richmond foreclosures on the rise

Posted by Iva Radman – email

RICHMOND, VA (WWBT) - New numbers show foreclosures in Richmond still on the rise.

According to Realty Trac's online report foreclosures in our area rose 84% in May from the same time a year ago.

The Richmond region ranked 73rd among 206 metro areas.

This comes as the report also reveals the foreclosure crisis appears to be leveling off nationally.

Experts with Realty Trac expect to see a flat-lining of foreclosures for Virginia in early 2011.

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