Foreclosure filings surpassed 300,000 for an eighth straight month as unemployment made it tougher for homeowners to pay their bills, RealtyTrac Inc. said Thursday.
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A total of 332,292 properties received a default or auction notice or were seized by banks in October, up 19% from a year earlier, according to the Irvine, Calif., firm.
One in every 385 U.S. households received a foreclosure filing in October. The tally fell 3% from September, markin the third consecutive monthly decline.
