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IRVINE, CA-Foreclosure filings that have roiled the financialmarkets in recent months continue to contribute to uncertainty,with the number of filings dropping slightly on a monthly basis butnearly doubling from last year in the latest report fromRealtyTrac. The company, which tracks residential foreclosuresnationwide, issued a report today that shows foreclosures inSeptember declined by 8% from their from the 32-month high inAugust but still soared by 99% in comparison to September of lastyear.

The subprime lending problems causing the residentialforeclosures have created volatility that has reverberatedthroughout the commercial lending sector and raised questions abouthow long the foreclosure numbers will continue to rise. Accordingto James J. Saccacio, CEO of RealtyTrac, the September numbersraise another question: Whether the monthly decline is a trend or aone-time event.