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Released: September 16, 2011
Banks ramp up foreclosures
Source: Brady Dennis, Washington Post (Free Registration)
The nation’s banks have ramped up foreclosure actions recently against delinquent homeowners, nearly a year after revelations of fraudulent filings and other questionable documentation practices slowed the number of foreclosures to a trickle, according to new data released Thursday by RealtyTrac. Across the country, foreclosure filings were up 7 percent in August over the previous month, though some states saw significantly larger jumps. Default notices increased by 55 percent in California, 46 percent in Indiana and 42 percent in New Jersey.Read Full Article: Banks ramp up foreclosures
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