RealtyTrac’s U.S. Foreclosure Market Report for August 2011 shows foreclosure filings, including default notices, scheduled auctions, and bank repossessions, were down 33 percent from August 2010 but up 7.0 percent from July. Despite the month-over-month increase, default notices were down 18 percent from last year and 44 percent below their peak, which occurred in April 2009. James Saccacio, chief executive officer of RealtyTrac, said the rise in defaults was evidence that lenders are beginning to push through some of the foreclosures delayed by documentation problems. Just five states accounted for 53 percent of the foreclosure activity nationwide in August. More here and here.
