RealtyTrac’s Rick Sharga on July 2010 Foreclosures

Sharga notes that July was the 17th consecutive month where the total number of properties with foreclosure filings exceeded 300,000, and the number of bank repossessions in July was the second highest monthly REO total on record for the report.

He also points to conflicting trends in the report: while REOs continued to climb, properties entering foreclosure (default notices) decreased from the previous year for the sixth straight month.

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