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US mortgage default notices jump in Aug-RealtyTrac

Posted on 16 September 2011

Default notices on U.S. home loans notched their biggest monthly increase in four years in August, suggesting some of the backlog from documentation issues was easing, data showed on Thursday.

First-time default notices were filed on 78,880 homes last month, marking a nine-month high, according to a report by RealtyTrac. Notices jumped 33 percent from July, the biggest increase since August 2007……………………………………….Full Article: Source


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