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by CareyBot

Foreclosure backlogs continue to ease in states where courts handle the process as the number of properties headed to the auction block climbed for the 16th month in a row in October, according to the latest report from foreclosure data aggregator RealtyTrac. Overall U.S. foreclosure activity -- filings of default notices, scheduled auctions and bank repossessions -- rose 2 percent from September to October, but was down 28 percent year over year. Filings came in on 133,919 U.S. properties, or 1 in every 978 units. Florida, Nevada, Maryland, Ohio and Illinois posted the nation's highest foreclosure rates among states. But the total number of scheduled judicial foreclosure auctions, or "notices of foreclosure sale," increased 7 percent on an annual basis last month and 10 percent o...