Industry NewsMarkets & Economy

Another record for foreclosures in July

Short-term impact of state laws seen in RealtyTrac stats
Published on Aug 13, 2009

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by CareyBot

The number of properties subjected to foreclosure-related filings grew 7 percent from June to July, with one in 355 homes being hit with an initial default notice, notice of foreclosure sale, or foreclosed on and repurchased by a bank, data aggregator RealtyTrac reported today.

The 360,149 foreclosure-related filings tallied by RealtyTrac in July represented a 32 percent increase from a year ago, and the third record in five months.

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