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RealtyTrac: Foreclosure activity soars again, up 25% since last year

Published: Nov. 13, 2008, 1:26 p.m.

b'There is more bad news from the home front as "we\'re still looking at foreclosure activity on the increase." Rick Sharga, at RealtyTrac says their most recent survey finds that "nearly 280-thousand US households in the month of October received some sort of foreclosure notice." According to Sharga, "that\'s up five percent from September and up 25 percent from a year ago." Sharga tells Steve Potisk, "this marks 34 consecutive months where we\'ve seen a year over year increase" in foreclosure rates.'