Foreclosure Filings Up 19% in March

In itís U.S. Foreclosure Market Report, RealtyTrac, Irvine, Calif., said foreclosure activity increased 7% in the first quarter of 2010, following a substantial spike in March as more homes tilted toward the final stage of foreclosure.

Total filings, including default notices, scheduled auctions and bank repossessions were reported on 932,234 properties, a 7% increase from the fourth quarter of 2009 and a 16% increase from the first quarter of 2009. Foreclosure filings were reported on 367,056 properties in March, up 19% from February and up almost 8% from March 2009.