Industry NewsMarkets & Economy

Bank repos hit new high in May

RealtyTrac says fewer homes headed into foreclosure
Published on Jun 10, 2010

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Lenders repossessed properties at record rates during May, even as the number of homes entering the foreclosure process declined, according to the latest numbers from RealtyTrac.

Foreclosure-related filings fell 3 percent from April to May, driven by a 7 percent drop in default notices and a 4 percent decrease in scheduled auction notices, RealtyTrac said.

Comments