Foreclosure activity across the United States jumped in July for the first time in four months as lenders scheduled more properties for auction, an industry report said on Thursday.
RealtyTrac, which compiles housing market data, said 109,434 properties across the country were in some stage of the foreclosure process, marking a 2 percent increase from June.
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Despite the rise, foreclosure activity, which includes foreclosure notices, scheduled auctions and bank repossessions, was 16 percent below the year-ago level. It was the 46th consecutive month in which activity declined on an annual basis.