Foreclosures Rose 53% in June, Bank Seizures Tripled (Update3)

More than 252,000 properties, or one in 501 U।S। households, entered a stage of the foreclosure process, RealtyTrac Inc., a seller of default data, said today in a statement. Bank seizures rose 171 percent, the most since the Irvine, California-based company began tracking statistics on default notices, warnings of a scheduled auction and repossessions in January 2005. - continue