Bank seizures nearly tripled in July and U.S. foreclosures jumped 55% Y/Y. "It's getting worse,"...

|By:, SA News Editor

Bank seizures nearly tripled in July and U.S. foreclosures jumped 55% Y/Y. "It's getting worse," RealtyTrac's Rick Sharga says. "The number of properties that have been foreclosed on by the banks and still haven't sold is the highest we've ever seen."