Home foreclosures hit 95,364 in August, setting a record

09/16/2010 | Reuters

Residential foreclosures reached 95,364 in August, topping the previous record set in May, RealtyTrac reported. Lenders sent 96,469 homeowners default notices last month, suggesting the foreclosure rate is set to continue rising. The firm said it doesn't expect an improvement before the end of 2013.

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