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Foreclosure filings surged 27% in August

The number of properties that received default notices, warnings of an auction sale or foreclosure notices surged to 303,879 in August, up 12% from July and 27% from August 2007, according to the latest report from RealtyTrac.

Foreclosure activity is showing no signs of letting up.
The number of properties that received default notices, warnings of an auction sale or foreclosure notices surged to 303,879 in August, up 12% from July and 27% from August 2007, according to the latest report from RealtyTrac.
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