Foreclosures Fall to Seven-Year Low

Mortgage101

Total U.S. foreclosures fell last month to the lowest point in seven years, according to foreclosure data market RealtyTrac, a sign that a slowly healing economy is also resolving the foreclosure crisis. There were 113,454 foreclosure filings – including default notices, auctions and bank repossessions – in November, a 15 percent decrease from October and a 37 percent drop from November 2012.That represents the largest monthly decline since November 2010, when the “robo-signing” scandal Read more [...]

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