Foreclosure Filings Up in May

Irvine, Calif.–Foreclosure filings rose almost 50 percent in May compared to 2007, according to Irvine, Calif.-based foreclosure listing service RealtyTrac.In May, 261,255 homes received at least one foreclosure-related filing–a 48 percent increase from May 2007 and a 7 percent rise from April, the New York Times said Friday.The highest number of U.S. households received a foreclosure filing last month–one in every 483 households, RealtyTrac said.Foreclosure filings grew in all but 10 states in May, compared to 2007 levels.