Lenders stepped up US home repossessions in May; more new homes entered the foreclosure path

  • by: ALEX VEIGA , AP Real Estate Writer
  • Updated: June 13, 2013 - 1:35 AM

LOS ANGELES — Lenders stepped up action last month against homeowners who had fallen behind on their mortgage payments, taking possession of more homes and initiating the foreclosure countdown clock on many others.

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