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Real Estate Briefing - Categorized | Finance, Mortgage more

Record plunge in foreclosures, thanks to robo-signers

Posted on 17 December 2010

From CNNMoney.com: The number of foreclosure notices filed in November plunged 21%, the biggest month-over-month drop ever recorded by RealtyTrac, the online foreclosure marketer. Filings fell 14% compared with November 2009.
The number of Americans who actually lost their homes to bank repossessions plummeted even more steeply — to 67,428. That was off a whopping 28% from 93,236 in October. Repossessions are down a third since September……………………………………….Full Article: Source


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