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Featured Advisor



Kim Butler
President

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX



BIOGRAPHY:
I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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Foreclosure Filings Increase in August

Foreclosure activity begins to pick up as banks work through documentation problems.

Foreclosure filings increased by 7 percent in the month of August, but still remain 33 percent below filings for August 2010, according to a report released today by RealtyTrac, an online marketplace for foreclosed properties.

 

The U.S. Foreclosure Market Report for August 2011 reports that default notices were filed for the first time on 78,880 properties in August, a nine-month high and a 33 percent increase from July for the biggest month-over-month increase since August 2007.

 

 “It foreshadows more bank repossessions in the coming months as these new foreclosures make their way through the process,” said James Saccacio, head of RealtyTrac.

 Default notices rose 55 percent in California and more than 40 percent in several states, including New Jersey and Indiana.