REOs comprise nearly 20% of homes on market

RealtyTrac says foreclosure inventory now tops 750,000

Nearly one in five homes for sale in the United States are properties repossessed by lenders, data aggregator RealtyTrac reported today, as foreclosure-related filings rose 8 percent from June to July, and 55 percent from a year ago.

Foreclosure-related filings — which include default notices, auction sale notices and bank repossessions — rose to 272,171 in July, or one filing for every 464 U.S. homes.