Foreclosure filings hit new highs

Foreclosure-related filings on U.S. homes during the first three months of the year were up 9 percent from the previous quarter and 24 percent from a year ago, surpassing previous highs for the current downturn, data aggregator RealtyTrac said today.

The 803,489 properties subject to some kind of foreclosure filing during the first quarter -- including default notices, auction sale notices and bank repossessions --  was a new record since RealtyTrac began reporting in January 2005.

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