Foreclosures Continue to Fall

Foreclosures Continue to Fall  

By any measure, things are getting tougher for American homeowners.   Online foreclosure-data service RealtyTrac of Irvine, Calif., said 115,292 properties nationwide entered some stage of foreclosure last month, a rise of 24% from July and nearly a 53% increase from a year earlier.  

Foreclosure.com of Boca Raton, Fla., which also tracks foreclosures nationwide, said new residential foreclosures fell by 6.7% in August from July to 26,255 nationwide. The company's figures, however, show that foreclosures are up 7.3% compared to August 2005.  

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