Foreclosure crisis is drawing to a close

Posted by Bonnie Martin Designated Broker on Monday, September 16th, 2013 at 10:43pm.

goldhouse_buchachon_450money.cnn.com - Our long national foreclosure nightmare may be over.

The number of new foreclosure filings in August hit its lowest level in nearly eight years, according to RealtyTrac, an online marketer of foreclosed properties.

Soaring home prices and a big decline in underwater borrowers -- those who owe more on their mortgage loans than their homes are worth -- have helped drive the trend.

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