Foreclosure Filings Rise 2% in July
(IRVINE, Calif.) -- Foreclosure activity in the U.S. rose in July after falling to a 78-month low the month before, the latest report from RealtyTrac shows.
The foreclosure tracking firm says 130,888 properties received a foreclosure filing last month, an increase of 2 percent from June. The figure, however, was down 32 percent from the same time period a year ago.
According to RealtyTrac, July's increase can be attributed to a rise in foreclosure starts and bank repossessions.
"The monthly increase in U.S. foreclosure activity was driven by a 6 percent monthly increase in foreclosure starts and a 4 percent monthly increase in bank repossessions (REO), although both metrics decreased from a year ago," the firm said in its report.
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