Foreclosure Activity Increases 36 Percent in August According to RealtyTrac(TM) U.S. Foreclosure Market Report

Posted by California Real Estate

September 18, 2007

Foreclosure Filings Up 115 Percent From August 2006 PR Newswire IRVINE, Calif., Sept. 18

IRVINE, Calif., Sept. 18 /PRNewswire/ — RealtyTrac(R) (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its August 2007 U.S. Foreclosure Market Report, which shows a total of 243,947 foreclosure filings - default notices, auction sale notices and bank repossessions - were reported during the month, up 36 percent from the previous month and up 115 percent from August 2006. This is the highest number of foreclosure filings in a single month that RealtyTrac has reported since it began issuing the monthly report in January 2005. The national foreclosure rate of one foreclosure filing for every 510 households for the month is also the highest figure ever issued in the report. (more…)

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