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Last updated on Friday, November 11, 2011
(UNDATED) - More U.S. homes entered the foreclosure process in October than in the previous month, with Florida, Pennsylvania and Indiana registering among the largest monthly increases.
RealtyTrac Inc., which is a foreclosure listing firm, says close to 78,000 properties received an initial default notice last month.
That's up 10 percent from September. The number of homes scheduled to be auctioned or repossessed by lenders also posted monthly increases. All told, notices of default, scheduled auctions and bank repossessions - warnings that can eventually lead to a home being lost to foreclosure - hit a seven-month high in October.
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