Mortgage And Real Estate News

Friday, August 21, 2015

REOs Are Back on the Rise

Foreclosure filings were on the rise in July, as bank repossessions rapidly began to tick up, according to RealtyTrac's July 2015 U.S. Foreclosure Market Report.

Foreclosure filings – including default notices, scheduled auctions, and bank repossessions – were up 7 percent in July month-over-month and are up 14 percent from a year ago, according to RealtyTrac.

Read more... http://realtormag.realtor.org/daily-news/2015/08/20/reos-are-back-rise?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+DailyRealEstateNews+%28Daily+Real+Estate+News%29

Reuters: Business News

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