RealtyTrac reports 5 percent increase in October 2008 foreclosure activity
The October 2008 U.S. Foreclosure Market Report(TM) released today by RealtyTrac shows Foreclosure filings like default notices, auction sale notices and bank repossessions were reported on 279,561 U.S. properties during October, an increase by 5 percent from September and a 25 percent increase from October 2007. The report also shows one in every 452 U.S. housing units received a foreclosure filing in October. “We’ve seen sharp declines in new foreclosure filings after legislation mandating d
Original post by New Jersey Real Estate Report