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Foreclosure activity shows signs of ramping up in Q3 (CHARTS)

RealtyTrac: Default notices rise 14% from second quarter

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In the third quarter, a downward trend in nationwide foreclosure activity showed signs of reversing, according to the latest report from foreclosure data site RealtyTrac. At the same time, foreclosure processing and sales timelines hit record highs, the report said. After three straight quarters of declines, foreclosure activity in the third quarter remained essentially flat compared to the second quarter, rising a slight 0.35 percent to filings on 610,337 properties. That's still a 34.4 percent decrease compared to third-quarter 2010.One in every 213 housing units received a filing -- a default notice, scheduled auction, or bank repossession -- in the third quarter. In September, the last month of the third quarter, 214,855 properties received a foreclosure filing, a decrease of 6 percent month to month and 38 percent year over year. September marks a full 12 months in which foreclosure filings have been dropping on a yearly basis, the report said. "U.S. foreclosure activity...