Foreclosure Filings Up 48%, Repos Double

Banks repossessed twice as many homes in May and foreclosure filings rose 48% from a year ago as falling house prices trapped borrowers in mortgages they couldn't afford, RealtyTrac Inc. said in a report today.According to RealtyTrac, one in every 483 U.S. households either*Lost the home to foreclosure*Received a default notice*Or was warned of a pending auctionAlbemarle County is not immune.