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October foreclosure filings climb

Slowdown seen in some states with new laws

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Foreclosure-related filings were up 5 percent in October from the previous month and 25 percent from one year earlier, data aggregator RealtyTrac said today, despite declines in filings in some states that have passed laws intended to slow the foreclosure process down. RealtyTrac said Nevada, Arizona and Florida had the highest rate of foreclosure-related filings, which include default notices, auction sales and bank repossessions. One in 74 Nevada homes were subjected to foreclosure-related filings in October -- more than six times the national average of one in 452 homes -- as filings rose 11 percent from the previous month, RealtyTrac said. Arizona saw a 35 percent increase in foreclosure filings from September, with one in 149 homes subject to a notice. One in 157 homes in Florida were subjected to foreclosure-related filings, up 13 percent from September. Rounding out RealtyTrac's list of the 10 states with the highest rate of foreclosure-related filings were Califor...