BrokerageIndustry News

Foreclosures ‘boil over’ in judicial foreclosure states

RealtyTrac: Filings down 31 percent from a year ago in nonjudicial states
Published on Sep 13, 2012

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by CareyBot

Foreclosure-related filings were down sharply from a year ago nationwide in August despite an increase in foreclosure activity in 20 states, particularly in states where courts handle the foreclosure process, including New Jersey, New York, Maryland, Illinois and Pennsylvania.

According to the latest numbers from data aggregator RealtyTrac, 193,508 homes were hit with foreclosure-related filings last month, including notices of default, auction notices and bank repossessions. That's an increase of 1 percent from July, but a 15 percent decrease from a year ago.

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