Thursday, September 13, 2012

Foreclosure Activity Increases 1% in August, Reports RealtyTrac®


 IRVINE, CA – Sept. 13, 2012 — RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for August 2012, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 193,508 U.S. properties in August, an increase of 1 percent from July but down 15 percent from August 2011.

 The report also shows one in every 681 U.S. housing units with a foreclosure filing during the month.

“Bucking the national trend, deferred foreclosure activity boiled over in several states in August,” said Daren Blomquist (top right photo), vice president of RealtyTrac.

“In judicial states such as Florida, Illinois, New Jersey and New York, this was a continuation of a trend we’ve been seeing for several months now.

“ The increases in Florida and Illinois pushed foreclosure rates in those states to the two highest in the country — supplanting the non-judicial states of Arizona, California, Georgia and Nevada. Previous to August, the nation’s top two state foreclosure rates have been from those four non-judicial states every month since December 2010.”

For a complete copy of the company’s new release and full statistics, please contact:

Christine Stricker
949.502.8300, ext. 268

Michelle Schneider
949.502.8300, ext. 139

Order Custom Data:
Data Sales Department
800.913.0439

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