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U.S. foreclosure activity dips to 5-year lows in September, says RealtyTrac

Posted on 12 October 2012

Based on RealtyTrac’s latest U.S. Foreclosure Market Report for September and the third quarter of 2012, foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 180,427 U.S. properties in September, a decrease of 7 percent from the previous month and down 16 percent from September 2011. September’s total was the lowest U.S. total since July 2007.
The decrease in September helped drop the third quarter foreclosure numbers to the lowest level since the fourth quarter of 2007. Foreclosure filings were reported on 531,576 U.S. properties during the quarter, a decrease of 5 percent from the second quarter and a decrease of 13 percent from the third quarter of 2011 — the ninth consecutive quarter with an annual decrease in foreclosure activity………………………………………..Full Article: Source

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