Bank repossessions of US homes double

June 13, 2008 08:20AM

Bank repossessions of U.S. homes more than doubled in May, while foreclosure filings rose 48 percent from a year earlier, according to RealtyTrac data. New Jersey entered the Top 10 for foreclosure rates. In this month’s issue, The Real Deal looks at the growing numbers of REO properties, Real Estate Owned by investors and banks. 


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