Tagged : Foreclosure crisis

Found 2 blog entries tagged as "Foreclosure crisis".

bank__olegdoroshin_450money.cnn.com - The foreclosure crisis is showing signs that it's finally fading away.

The number of new foreclosure filings -- which includes default notices, auctions and bank repossessions -- dropped 15% to a total of 113,454 properties in November, according to RealtyTrac, an online marketer of foreclosed properties.

That was the biggest monthly decline since November 2010, and foreclosure filings are now at the lowest level since December 2006. From a year ago, filings are down 37%.

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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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Photo:  ©[buchachon]/123RF.COM

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