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homes that received an initial default notice — the first step in the foreclosure process — jumped 33% in August from July, foreclosure listing firm RealtyTrac said Thursday.

The rise represents a nine-month high and the biggest monthly gain in four years. The spike signals banks are starting to take swifter action against homeowners, nearly a free credit report from the government Lake Charles year after processing issues led to a sharp slowdown in foreclosures. This is really the first time weve seen a significant increase in the number of new foreclosure actions, said Rick Sharga, a senior vice president at RealtyTrac. free full credit report Its still possible this is a blip, but I think its much more likely were seeing the beginning of a trend. Foreclosure activity began to slow last fall after problems surfaced with how many lenders were handling foreclosure paperwork, namely several shortcuts known as robo-signing.

Many of the nations largest banks reacted by temporarily ceasing all foreclosures, re-filing previously filed foreclosure cases and revisiting pending cases to prevent errors. credit reports 3

Other factors have also worked to stall the pace of new foreclosures this year.

The process has been held up by court delays in states where judges play a role in the foreclosure process, a possible settlement of government probes into the industrys mortgage-lending practices, and lender reluctance to take back properties amid slowing home sales. A pickup in foreclosure activity also means a potentially faster turnaround for the U.S. Experts say a revival isnt free credit report from the government Lake Charles likely as free credit report from the government Lake Charles long as a glut of potential foreclosures hovers over the market. fair credit report

Foreclosures weigh down home values and create uncertainty among would-be buyers free credit report from the government Lake Charles who fret that prices may fall free credit report from the government Lake Charles as more foreclosures hit the market.