Sociable

Thursday, October 14, 2010

Banks seize 288K homes in Q3, but challenges await

This is for the period of July through September.  For October through December and probably some time beyond foreclosure gate is going to temporarily  decrease the number.

A total of 288,345 properties were lost to foreclosure in the July-September quarter, according to data released Thursday by RealtyTrac Inc., a foreclosure listing service. That's up from nearly 270,000 in the second quarter, the previous high point in the firm's records dating back to 2005.

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