RealtyTrac: ‘Tis the season…for foreclosure starts

  • Foreclosure filings increased 6 percent from September to October, marking the largest monthly increase in foreclosure starts since August 2011
  • The company attributed the monthly increase in overall foreclosure activity to a 12-percent monthly jump in foreclosure starts, with 48,605 properties beginning the foreclosure process in October.
  • However, with that bad news comes some good news: Foreclosure starts in October were down 14 percent compared to the same month in 2014.

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Foreclosure filings increased 6 percent from September to October, marking the largest monthly increase in foreclosure starts since August 2011, according to RealtyTrac’s October 2015 U.S. Foreclosure Market Report. However, the housing data provider noted that foreclosure filings are still down 6 percent from the same month last year.