---
title: Defaults and Foreclosures
description: Realty Trac, Inc. reported that default notices increased 10% in October as compared to September and rose to an 11 month high in states where forecl
---

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# Defaults and Foreclosures

Posted by [Daniel Jones](https://www.fair-assessments.com/blog/author/daniel-jones) on Nov 11, 2011 6:28:00 PM

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Realty Trac, Inc. reported that default notices increased 10% in October as compared to September and rose to an 11 month high in states where foreclosures must be processed through the court system. Nationally, auction notices increased 8% and home seizures jumped 4%. Nationally foreclosure filings increased 7% to a seven-month high in October after a year-long slowdown due to the robo-signing scandal.

Over a quarter of one million properties received default notices, auction, or repossession notices in October. The number of notices was actually down 31% from a year ago as one year ago was when the complaints started being raised about the foreclosure process and faulty/forged documentation. Realty Trac also estimated that the nation's housing market may need as long as 40 months to clear all of the distressed sales.

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