IRVINE, CA-According to online foreclosure marketplace RealtyTrac, nationwide foreclosure filings in August 2010 declined 5% compared to that of August 2009. This marks the third straight month of declines since filings had increased 1% in May 2010.
The number of properties that received a foreclosure NOTICE was 338,836 in August 2010, a 4% increase compared to that in July 2010. However, bank-held assets and default notices were almost the same in August, a sign that lenders were handling the foreclosure pipeline cautiously. For the full story, go to Housingwire.com.
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