 Foreclosures, Default Notices Fall From Last YearThursday, December 15, 2011 - Article by: Reliant Mortgage Company - Auburn, Maine. -
RealtyTrac's U.S. Foreclosure Market Report For November shows foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, were down 3.0 percent from October and 14 percent from November 2010. The report found one in every 579 housing units received a foreclosure filing during the month. James Saccacio, co-founder of RealtyTrac, said overall foreclosure activity is down, though the decrease is similar to seasonal downturns seen in each of the past four years. Default notices were filed for the first time on 71,730 properties, which is an 8.0 percent decrease from the month before and 9.0 percent below last November. More here. |
|
