Foreclosure Filings Edge Up in August
Irvine, CA, Sept. 14, 2012 -- Foreclosure filings rose slightly in August, according to tracking firm RealtyTrac.
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The firm said that lenders in several states continue to work through a backlog of delinquencies and defaults.
Foreclosure notices were filed on 193,508 properties during the month, an increase of 1%. However, filings were 15% lower than a year ago.
Filings are rising in "judicial states" such as New Jersey, New York and Maryland, where the foreclosure process goes through the courts, and falling in "non-judicial states" such as California, Arizona, Nevada and the District of Columbia, where they're handled by a trustee, usually a title company.