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Foreclosure filings in U.S. plunge 35pct to four-year low, RealtyTrac says

Posted on 12 August 2011

James J. Saccacio U.S. foreclosure filings dropped 35 percent last month to the lowest level in almost four years as lenders and state and federal agencies increased efforts to keep delinquent borrowers in their homes, RealtyTrac Inc. said.
A total of 212,764 properties received default, auction or repossession notices, the fewest in 44 months, the Irvine, California-based data seller said today. Filings fell on a year- over-year basis for the 10th straight month, and were down 4 percent from June. One in 611 households got a notice……………………………………….Full Article: Source

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