NEW YORK ( TheStreet) -- Foreclosure activity ticked up in October from the previous month as lenders auctioned off more distressed properties.
Foreclosure filings, which include default notices, scheduled auctions and bank repossessions, were reported at 133,919 in October, a 2% increase from the previous month but a 28% decrease from a year ago.
Scheduled judicial foreclosure auctions rose 10% from the previous month and were up 7% from a year ago.
Foreclosure starts rose 2% from the previous month but were down 34% from a year earlier.Foreclosure activity has been declining since 2010 but some states that follow the judicial foreclosure process are now starting to see a spurt in activity. Foreclosures in these states have been stalled due to a complex and lengthy court process but are now making their way through the pipeline. In Florida, foreclosure activity rose 22% in October, driven by a 36% monthly increase in foreclosure starts. Rising home prices also has made it more profitable for lenders to auction off homes through foreclosure, though
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