More Than 67,000 Homes Repossessed by Banks in July
The nation’s lending institutions repossessed more than 67,000 American homes in July according to RealtyTrac. 67,829 bank repossessions took place last month, a 4% drop versus the previous month and a decline of 35% when compared to July of last year. Although foreclosure filings dropped in July, more than 212,000 homes received a foreclosure notice of some sort last month. Foreclosure filings have dropped in year-over-year comparisons for each of the last 10 months.