BrokerageIndustry News

Foreclosures down for 4th month in a row in August

5 states account for nearly half of activity in the past year
Published on Oct 4, 2012

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by CareyBot

The number of U.S. foreclosures dropped for the fourth month in a row in August, according to a monthly foreclosure report released today by real estate data aggregator CoreLogic.

As of the end of August, 1.3 million homes -- 3.2 percent of all U.S. homes with a mortgage -- were in some stage of the foreclosure process, a 7.1 percent drop from August 2011.

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