Banks repossessed a record number of U.S. homes in the second quarter, real estate data company RealtyTrac said on Thursday. “Default and auction notices were down on a quarter-over-quarter and year-over-year basis in the second quarter, but bank repossessions (REOs) increased 5 percent from the previous quarter and 38 percent from Q2 2009 to 269,962 — a new quarterly high for the report.”
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