WASHINGTON — Foreclosure filings were started on 259,085 in November, a 7% decline from October but a 28% increase from November 2007, according to a report released today by RealtyTrac, an online seller of foreclosed properties.
The firm said the month-to-month decline was because some states have changed laws to extend the foreclosure process and the rate could shoot up again in the months ahead.
During November, one in every 488 U.S. households received a foreclosure.
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