U.S. Home Foreclosures Jump

U.S. Home Foreclosures

In a report just out by RealtyTrac®, shows that U.S. foreclosure activity in October increased by 15 percent from September, but still down 8 percent from a year ago. The October monthly increase was the largest month-over-month increase since U.S. foreclosure activity peaked in March 2010.!

Home foreclosure auctions increased from a year ago in 29 states, including Oregon (up 399 percent), North Carolina (up 288 percent), New Jersey (up 118 percent), New York (up 89 percent), Connecticut (up 60 percent), Nevada (up 53 percent), Alabama (up 41 percent), Washington (up 36 percent), Indiana (up 36 percent), California (up 19 percent) and South Carolina (up 18 percent). Read more