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  • Hundreds Expected At Olympia Oil Train Hearing

    OIl-Train-1Environmentalists planned to pack the Thursday night public hearing in Olympia on the safety of oil train shipments through Washington. The Washington Environmental Council told The Olympian more than 600 people indicated they planned to attend. About 200 people attended a… Read More +

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  • Seattle Trades Away Smoak

    smoak3312014Seattle Mariners Executive Vice President & General Manager of Baseball Operations Jack Zduriencik announced today that first baseman Justin Smoak was claimed off waivers by the Toronto Blue Jays. The Mariners Major League, 40-man roster is now at 39 players. Smoak, who turns 28 on Dec. 5, appeared in 496 games for the Mariners after joining the club on July 9, 2010.

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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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