Home Repos Set Record in September
REOs and repossessions set a record in the third quarter, online foreclosure marketer RealtyTrac said Thursday.

In September, repos hit 102,134, topping 100,000 for the first time. There were 347,420 total foreclosure filings in September, 3 percent higher than August and 1 percent higher than a year earlier.

During the third quarter, there were 930,437 foreclosure filings, up 4 percent compared to the second quarter, but 1 percent lower than the third quarter of 2009.

Nevada had the highest foreclosure rate for the forty-fifth straight month, followed by Arizona, Florida, California, and Idaho.

Source: Reuters News, Corbett B. Daly (10/14/2010)