Foreclosure Rate at 71 Month Low

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From DS News

 

Foreclosure Starts Plunge to 71-Month Low, REO Activity Increases

A significant drop in foreclosure starts brought down foreclosure activity in November, according to a foreclosure report from RealtyTrac. Foreclosure starts were filed on 77,494 U.S. properties in November, a 71-month low and the lowest level since December 2006, RealtyTrac reported Thursday. The decrease represents a 13 percent drop from October and a 28 percent decline from November 2011. While foreclosure starts fell, bank repossessions rose annually for the first time in 25 months. » Read More

 

 

- sunil

 

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