The Traderszone Network

Published in TZ Latest News 17 June, 2015 by The TZ Newswire Staff

U.S. foreclosure activity up in May as bank repossessions rise

Bank repossessions rose again last month, driving overall U.S. foreclosure activity to a 19-month high on an annual basis, industry firm RealtyTrac said on Thursday. A total of 126,868 homes across the country were at some point in the foreclosure process in May, up 1 percent from April and up 16 percent from the same time last year, RealtyTrac said. Foreclosure activity includes foreclosure notices, scheduled auctions and bank repossessions.