RealtyTrac’s U.S. Foreclosure Market Report for July shows foreclosure filings, including default notices, scheduled auctions, and bank repossessions, up nearly 4 percent from the month before. Filings were reported on 325,229 properties or one in every 397 housing units, which represents a 10 percent drop from July 2009. James J. Saccacio, chief executive officer of RealtyTrac, said the declines in new default notices have been offset by near-record levels of bank repossessions. Repossessions reached their second-highest monthly total since RealtyTrac began tracking them in April 2005 and were 1 percent below their peak in May of this year. More here, here, and here.
Theresa Springer’s Blog
Foreclosure Filings Up From June, Down From 2009
August 12, 2010
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