Bank Repossessions Push Foreclosure Activity 1% Higher

RealtyTrac recently released its May 2015 US Foreclosure Market Report which shows 126,868 US properties were subject to foreclosure filings, scheduled auctions, default notices and bank repossessions in May this year. This is an increase of 1% compared to the previous month and is 16% higher than a year ago, reaching a 19 month high.

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