RealtyTrac: New Foreclosures Dip, but Stay High

RealtyTrac, an online foreclosure marketplace based in Irvine, Calif., has reported that new properties entering some stage of foreclosure fell about 1% in September, although they were 63% higher than the level recorded a year earlier.The company's U.S. Foreclosure Market Report indicates that 112,210 new foreclosure properties were added to the rolls in September. "September was the second straight month in which more than 110,000 new foreclosure filings were reported nationwide, evidence that the spike in August was not just a one-month anomaly," said James J. Saccacio, RealtyTrac's chief executive officer. "Foreclosure filings are up 39% year-to-date and have already surpassed the total number reported in all of 2005." The company said Colorado, Nevada, and Michigan recorded the highest foreclosure rates in September. RealtyTrac can be found online at http://www.realtytrac.com.