US foreclosure filings reached 321,480 properties in May and may reach 1.8 million by the first half of the year, according to RealtyTrac Inc. latest report Wednesday.
The May figure was an 18 per cent increase over figures from a year earlier and a 6 per cent decline over the previous month. One in 398 US households received a filing last month.
The number of filings is expected to rise again in the coming months, as foreclosure moratoriums implemented by lenders and states begin to expire.
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