Foreclosure filings up 120%

As foreclosures continue to soar, 220,000 homes were lost to bank repossessions in the second quarter, according to a housing market report issued by RealtyTrac. That's nearly triple the number from the same period in 2007. A total of 739,714 foreclosure filings were recorded during that three-month period, up 14% from the first quarter, and 121% from the same period in 2007. That means that one of every 171 U.S. households received a filing, which include notices of default, auction sale notices and bank repossessions.

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