Mortgage servicers and banks foreclosed on more homes in August — 95,364 units — than in any month since the start of the U.S. mortgage crisis, according to new figures compiled by RealtyTrac, Irvine, Calif.

Compared to the same month a year ago, foreclosures spiked by 25%, marking the ninth consecutive month where REOs have increased on a year-over-year basis.

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