Foreclosure activity among US properties slipped last month for the first time since May, but remains near a record high as homeowners continue to default in spite of government measures to stabilise the market.
The number of default notices, auction sales and bank repossessions fell by 0.5 per cent from July to 358,471 in August. It was the sixth straight month with more than 300,000 filings and one out of every 357 homes received a foreclosure filing last month, RealtyTrac said on Thursday.
US foreclosure filings remain near record high
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