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  • UPDATE: Axe Found

    parade2014The axe has been found. The Axe has some scratches and needs to be fixed up a bit. It was found up by Lake Cushman Tuesday evening. No other details at this time. Previous Story:  Paul Bunyan lost his axe somewhere between… Read More +

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  • Cell Surveillance Devices

    cellphoneA newspaper reports that Tacoma, Washington, police have purchased and used surveillance equipment that can sweep up records of cell phone calls, text messages and data transfers up to a half mile away. The News Tribune reports the device is small… Read More +

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  • Mariners Beat Rangers 5-0

    marinerslogo7James Paxton pitched into the seventh in a bounce-back start, Robinson Cano hit his 12th home run of the season, and the Seattle Mariners beat the Texas Rangers 5-0 on Tuesday night. Paxton threw a career-high 118 pitches and came an out away from tying his career high with seven innings pitched. The rookie lowered his ERA to 1.71, the best mark for a pitcher in his first 11 major league starts since 1990.

    Read More
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Foreclosure Filings Drop 2%; Starts Hit Eight-Year Low

b_250_0_16777215_00_images_obgrabber_2013-09_892248b3be.jpgiStockPhoto/Thinkstock (NEW YORK) -- Foreclosure activity in the U.S. dropped 2 percent in August, marking the 35th consecutive month in which the figure has fallen on an annual basis, the latest report from RealtyTrac shows. The foreclosure tracking firm says 128,560 properties received a foreclosure filing last month, a decrease of 34 percent from August 2012.

RealtyTrac attributes the drop mostly to a smaller number of foreclosure starts in August.

"A total of 55,775 U.S. properties started the foreclosure process during the month, down 44 percent from a year ago to the lowest level since December 2005," the report states.

But one figure was up last month: Bank repossessions.

"That actually I believe is a function of the recovering market.  The banks now feel more comfortable foreclosing because home prices are higher.  They know when they foreclose, that they can actually recoup more of their losses now than they would have even a year ago," RealtyTrac Vice President Daren Blomquist explains to ABC News Radio.

Foreclosure completions rose 6 percent in August and were up in 26 states.

Copyright 2013 ABC News Radio

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