Foreclosures Rise 8% in First Six Months of Year

RealtyTrac executive predicts more than 1 million bank repossessions in 2010.
By Jessica Porter

Foreclosure filings continue to increase in 2010, rising 8% nationally in the first six months of 2010 to nearly 2 million, compared to the same period in 2009. Almost 1.7 million properties across the country, or 1 in 78 housing units, received a foreclosure filing--which includes default notices, auctions, and repossessions--from January to June, according to Irvine, Calif.-based firm RealtyTrac’s mid-year report

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