Banks seized more U.S. homes in May, RealtyTrac report shows

Banks seized more U.S. homes in May as a greater number of Americans found themselves entering the foreclosure process, suggesting lenders were drawing down the pipeline of distressed properties, a report from RealtyTrac showed on Thursday. Banks repossessed 38,946 homes, an increase of 11 percen…

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Banks seized more U.S. homes in May, RealtyTrac report shows