Foreclosures Increased in August

Bay Area foreclosure action heads back up
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The number of Bay Area homeowners who received a foreclosure notice jumped sharply from July to A

The number of Bay Area homeowners who received a foreclosure notice jumped sharply from July to August in a sign that banks may be pushing through foreclosures that had been delayed because of the so-called "robo-signing" scandal.
But given that a similar increase happened in March, it won't be clear until at least next month if this trend will continue.

In the Bay Area, 2,780 homeowners received a notice of default in August, the first step in the foreclosure process. That's a 34 percent increase from July, and essentially unchanged from a year ago, said a report to be released Thursday by RealtyTrac.com, st jumped 19.5 percent from July and rose nationally, according to a report from RealtyTrac that suggests lenders are working through documentation issues that had delayed filings.

Filings in the Chicago area were down 28.2 percent from August 2010.

Last month, 11,226 homes in the area received a filing, or one in every 337 homes.

http://www.suntimes.com/business/7672482-420/foreclosure-filings-ju...

PHOENIX -- For the second month in a row, Arizona had the third highest foreclosure rate in the nation in August, according to Realty Trac.

"Arizona continues to be ranked consistently among the top five states in terms of foreclosure rate," said Realty Trac's Darren Blomquist.

http://ktar.com/category/local-news-articles/20110915/Arizona-No.-3...