U.S. foreclosure activity jumped in August for the second consecutive month as banks started the process on more properties and scheduled more housing auctions, industry firm RealtyTrac said on Thursday.
Overall,
116,913 properties were at some stage of the foreclosure process, which
includes foreclosure notices, scheduled auctions and bank
repossessions, the group said.
That pushed overall activity up 7 percent from July, it said. From a year ago, foreclosure activity was down 9 percent.
Lenders
started the foreclosure process on about 55,000 properties in August,
up 12 percent from July, but unchanged from a year ago. It was the
second consecutive month in which foreclosure starts were up
month-over-month.
No comments:
Post a Comment