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IRVINE, CA—The country saw the biggest monthly increase inforeclosure activity since March 2010 as scheduled auctions posteda 24% rise during October, according to a report from RealtyTrac. Foreclosure filingsincreased 15% from the previous month, but are still down 8% from ayear ago.
The rise is the biggest monthly increase since US foreclosureactivity peaked in March 2010, the firm reports. Scheduledforeclosure auctions in judicial foreclosure states, whereforeclosures are processed through the court system, increased 21%from the previous month and were up 3% from a year ago. Scheduledforeclosure auctions in non-judicial states increased 27% from theprevious month and were up 14% from a year ago.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
