06-18-2015, 08:27 PM
6-18-2015
U.S. foreclosure activity up in May as bank repossessions rise
Bank repossessions rose again last month, driving overall U.S. foreclosure activity to a 19-month high on an annual basis, industry firm RealtyTrac said on Thursday.
A total of 126,868 homes across the country were at some point in the foreclosure process in May, up 1 percent from April and up 16 percent from the same time last year, RealtyTrac said.
The number of homeowners actually losing their homes to foreclosure still well above pre-crisis levels and on the rise," said Daren Blomquist, RealtyTrac vice president.
Florida continued to post the highest foreclosure rates last month, followed by New Jersey, Maryland, Nevada and Ohio, RealtyTrac said.
U.S. foreclosure activity up in May as bank repossessions rise
Bank repossessions rose again last month, driving overall U.S. foreclosure activity to a 19-month high on an annual basis, industry firm RealtyTrac said on Thursday.
A total of 126,868 homes across the country were at some point in the foreclosure process in May, up 1 percent from April and up 16 percent from the same time last year, RealtyTrac said.
The number of homeowners actually losing their homes to foreclosure still well above pre-crisis levels and on the rise," said Daren Blomquist, RealtyTrac vice president.
Florida continued to post the highest foreclosure rates last month, followed by New Jersey, Maryland, Nevada and Ohio, RealtyTrac said.