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by CareyBot

Property foreclosures nationwide increased 24 percent in August from the previous month and 53 percent from a year ago, marking the highest rate so far this year, a foreclosure service reported today. A total of 115,292 properties entered some stage of foreclosure during the month, according to a report from RealtyTrac. The report also shows a national foreclosure rate of one new foreclosure filing for every 1,003 U.S. households, the second-highest monthly foreclosure rate reported year to date. This report is much bleaker than numbers reported by the Mortgage Bankers Association today. In a survey of more than 42.5 million loans nationwide, homeowners appeared to be keeping up with their mortgage payments. According to MBA's survey, foreclosures nationwide are stable. The percentage of...