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Bank repossessions up 66% in third quarter from 3Q14

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There was a total of 327,258 U.S. 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, according to RealtyTrac.

Eleven of the nation’s 20 largest metro areas posted a year-over-year increase in foreclosure activity in the third quarter of 2015 compared to a year ago: St. Louis, Missouri (up 113%), Boston, Massachusetts (up 55%), Dallas, Texas (up 39%), Detroit, Michigan (up 39%), New York, New York (up 33%), Seattle, Washington (up 14%), Houston, Texas (up 12%), Minneapolis-St. Paul, Minnesota (up 11%), Atlanta, Georgia (up 5%), Philadelphia, Pennsylvania (up 1%) and Washington D.C. (up 1%).

Read more at housingwire.com

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