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Jul. 11, 2008

FORECLOSURE

RealtyTrac's monthly report found a 3 percent decrease in foreclosure activity for June when compared with the previous month, with one in every 501 U.S. properties receiving a foreclosure filing.

RealtyTrac's monthly report found a 3 percent decrease in foreclosure activity for June when compared with the previous month, with one in every 501 U.S. properties receiving a foreclosure filing. However, there were still 53 percent more foreclosures than in June 2007.
      Bank repossessions are the fastest-growing foreclosure filing, jumping 171 percent from a year ago. Default notices increased by 38 percent and auction notices by...

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