Foreclosure filings – notices of default, scheduled auctions, and bank repossessions – increased 4 percent in August compared with July, but decreased 5 percent compared with the same period a year ago, according to RealtyTrac.
Properties receiving a notice of default decreased 1 percent in August compared with July and 30 percent compared with August 2009 marking the seventh consecutive month of year-over-year decreases. Foreclosure auctions increased 9 percent in August compared with the prior month, while bank repossessions increased 3 percent during the same period, according to the report.
California accounted for 20 percent of the total number of properties receiving a foreclosure notice in August, an increase of 3 percent from July, but down 25 percent compared with August 2009.
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