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by CareyBot

In the third quarter, a downward trend in nationwide foreclosure activity showed signs of reversing, according to the latest report from foreclosure data site RealtyTrac. At the same time, foreclosure processing and sales timelines hit record highs, the report said. After three straight quarters of declines, foreclosure activity in the third quarter remained essentially flat compared to the second quarter, rising a slight 0.35 percent to filings on 610,337 properties. That's still a 34.4 percent decrease compared to third-quarter 2010.One in every 213 housing units received a filing -- a default notice, scheduled auction, or bank repossession -- in the third quarter. In September, the last month of the third quarter, 214,855 properties received a foreclosure filing, a decrease of 6 per...