U.S. foreclosure filings surpassed 300,000 for the third straight month in May and could hit a record 1.8 million by the first half of the year, the default data seller RealtyTrac Inc. said Thursday.

A total of 321,480 properties received a default or auction notice or were repossessed last month, up 18% from a year earlier, and one in 398 households received a filing, RealtyTrac said.

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