Monday, June 25, 2012

U.S. Foreclosure Activity Increases 9 Percent in May

Yep, the private sector is doing just fine.

IRVINE, CA, Jun 14, 2012 (MARKETWIRE via COMTEX) -- RealtyTrac(R) ( ), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report(TM) for May 2012, which shows foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 205,990 U.S. properties in May, an increase of 9 percent from April but still down 4 percent from May 2011. The report also shows one in every 639 U.S. housing units with a foreclosure filing during the month.

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