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Foreclosure activity hits 19-month high on rise in REOs

Jun 18, 2015By

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 126,868 U.S. properties in May 2015, up 1% from the previous month and up 16% from a year ago to a 19-month high. Here’s why and what it means.

3d rendering of a row of luxury townhouses along a street

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