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Foreclosure starts leap in August (CHARTS)

Homes in foreclosure process remains near historic high
Published on Oct 4, 2011

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by CareyBot

Foreclosure starts jumped 20 percent from July to August, with first-time foreclosure starts hitting a 2011 high, data aggregator Lending Processing Services Inc. reports.

The 247,957 foreclosure starts LPS tracked nationwide in August represented a 12.2 percent decline from a year ago, but the number of homes in the foreclosure process remained near historic highs.

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