Foreclosures Rise Again

U.S. foreclosure activity in September rose 21 percent from a year earlier but fell by double-digits from the prior month as some state laws slowed the foreclosure process.

Foreclosure filings—default notices, auction sale notices and bank repossessions—fell by 12 percent from August to 265,968 in September, according to a monthly report by research firm RealtyTrac, which records property in various stages of foreclosure.

That means one in every 475 U.S. households received a foreclosure filing in September.

We want to know what you think about the current foreclosure situation in this country. Would you buy a foreclosure? Do you know of someone who has lost (or is in the process of losing) their home to foreclosure? Do you think lenders are more responsible for the skyrocketing foreclosure problem nationwide? Click the comment link below this article and just tell us what you think.. we’d love to hear from you.

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