Foreclosure fillings jump 7% in August from July
Foreclosure filings, which include those late-payment notices plus auction announcements and bank repossessions, rose 7% in August compared with July, hitting a total of 228,098 U.S. properties. But the filing rate fell 33% from a year earlier.
And while the number of those first-time default notices sent rose 33% in August versus July, to a total of 78,880 properties, they fell 18% compared with a year ago, and they`re 44% lower than the monthly peak in April 2009.
That is, the year-over-year data looks relatively positive, but the monthly data appears to be cause for worry ` or, perhaps, relief, depending on your point of view.
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