Foreclosures near one million in three-month span

06/11/2009 | Reuters

May foreclosure filings were up 18% from a year ago, according to RealtyTrac, marking the third-busiest month on record. "There were almost one million foreclosure filings in a three-month period, and that's simply unprecedented," said Rick Sharga, senior vice president at RealtyTrac. Filings were, however, down 6% from the record month in April.

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