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  • 2014 Mason Area Fair Starts Today

    maf music(SHELTON)- The Mason Area Fair & Rodeo kicks off today Mason County Fairgrounds in Shelton. 2014 Mason Area Fair main stage musical lineup. Dubbed “Mason County Musical Showcase” this year’s featured acts are all musicians from the south sound area,… Read More +

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  • Washington State Competed For Tesla Factory

    teslaState officials say Washington competed to win a massive battery factory for Tesla Motors electric cars, but didn't make the list of finalists. New Mexico, Arizona, Texas, Nevada and California are in the running for Tesla's planned multi-billion-dollar battery plant.

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  • Orioles over Mariners 4-0

    marinersSWie-Yen Chen allowed five hits over eight innings and Delmon Young hit a three-run homer to give the Baltimore Orioles a 4-0 victory over the Seattle Mariners on Thursday night. Chen (11-3), who has won his past four starts, scattered five singles, walked one and struck out three. His 11 wins ties him for third-most in American League. On the road, Chen is 6-1 with a 3.94 ERA in nine starts.

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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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