Stacie Hartman

The Mortgage Blog of Stacie Hartman

Foreclosure Filings Up From June, Down From 2009

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.

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