September Bank Foreclosures Reach New Record

The nation's foreclosure epidemic gathered steam in September, with banks taking over more than 100,000 properties for the first time. Overall, filings rose 3 percent, according to RealtyTrac, an online service that tracks foreclosure rates. More than 930,437 properties were hit with a foreclosure filing in the July-September quarter of the year -- that includes a default notice, repossession or scheduled notice. A.total of 288,345 properties were lost to foreclosure in the period, the most...Full Story
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