A U.S. Foreclosure Market Report for Q3 2009, was released today showing that foreclosure filings, default notices, scheduled auctions and bank repossessions, were reported on 937,840 properties in the third quarter, a 5 percent increase from the previous quarter and an increase of nearly 23 percent from Q3 2008.

California, Florida, Arizona, Nevada, Illinois and Michigan accounted for 62 percent of the nation’s total foreclosure activity in the third quarter, with 579,541 properties receiving foreclosure filings in the six states combined.

Hans Anderson

Subscribe in a reader