MIDYEAR REPORT: Foreclosure listing service RealtyTrac Inc. says that banks filed foreclosure-related warnings against about 1 million U.S. homes in the first six months of this year. That’s up 2 percent from the last half of 2011, but down 11 percent from the first half of last year.
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FORECLOSURE STARTS: The number of homes entering the foreclosure process for the first time increased on an annual basis in June for the second month in a row.
LONGER PROCESS: It took an average of 378 days for a U.S. home to complete the foreclosure process in the second quarter.
