Foreclosure.com: New Foreclosures Down

New residential foreclosures fell by 6.7% in August, according to Foreclosure.com, an online foreclosure listing service based in Boca Raton, Fla.There were 26,255 new foreclosed residential properties listed in August, the company reported. Meanwhile, the nationwide active inventory of U.S. residential foreclosures totaled 85,467 properties, down 1.2% from the level recorded in July, according to Foreclosure.com. "We continue to see fluctuations when analyzing data month to month," said Brad Geisen, president and chief executive officer of Foreclosure.com. "But as we near the end of the third quarter, most housing and economic indicators point to a sustained period of increased new foreclosure activity across the country." The company can be found online at http://www.foreclosure.com.