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U.S. Home seizures tumble 36pct, Lender Processing says

Posted on 24 November 2010

From Bloomberg: The number of U.S. homes seized by banks tumbled more than a third in October after loan servicers imposed a moratorium to probe whether repossessions were properly conducted, according to Lender Processing Services Inc.
Banks took over 79,886 homes, down 36 percent from a record 124,051 in September and the lowest number since May 2009, the Jacksonville, Florida-based real estate data company said in a report today. Lender Processing bases its figures on information collected from loan servicers at the time of foreclosure……………………………………….Full Article: Source


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