Fairfax County Budget Gloom

Wednesday, August 27, 2008

Declining property values, prompted in part by the foreclosure crisis, have contributed to Fairfax County's gloomy budget forecast.

Foreclosure filings*

Qtr.'06'07'08
1st1213473,518
2nd1286403,881
3rd2291,818
4th1151,722
Total5934,527

SOURCE: RealtyTrac

*Foreclosure filings include default notices, auction sale notices and bank repossessions.


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