Foreclosure filings hit 19-month high

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

The volume of foreclosure filings reported in May was 16 percent higher than a year ago, according to RealtyTrac, and default notices, schedule auctions or bank repossessions (REOs) were reported on 126,868 U.S. properties, marking a 19-month high for filing volume.