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

The number of homes that received foreclosure filings -- default notices, scheduled auctions, and bank repossessions -- rose 4 percent in August from the month before, according to a monthly report by foreclosure data site RealtyTrac. For the 18th straight month, foreclosure activity exceeded 300,000 properties, reaching 338,836. Despite the month-to-month increase, foreclosure activity dropped 5 percent compared to August 2009. Of the three types of foreclosure filings, only notices of default decreased on either a month-to-month or year-over-year level. At 96,469, default notices fell 1 percent from July and 30 percent from August 2009. August was the seventh month in a row to see notices drop year-over-year. They peaked in April 2009 at 142,064, the report said. Meanwhile, scheduled...