IRVINE, CA—RealtyTrac has released its Q3 and September 2015 U.S. Foreclosure Market Report, which shows a total of 327,258 US properties with foreclosure filings—default notices, scheduled auctions and bank repossessions—in the third quarter of 2015, down 5% from the previous quarter but up 3% from the third quarter of 2014.
The annual increase in the third quarter marked the second consecutive quarter where US foreclosure activity increased on a year-over-year basis following 19 consecutive quarters of year-over-year decreases.
A total of 133,811 U.S. properties started the foreclosure process in the third quarter, down 12% from the previous quarter and down 14% from a year ago to the lowest level since the third quarter of 2005.
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