Thu Oct 11, 2012, 02:57 AM
Omaha Steve (58,240 posts)
US foreclosure filings hit 5-year low in September
By MARCY GORDON
U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders.
It was the second-consecutive monthly decline in filings, although there remains a sharp divergence along state lines, according to a report Thursday by foreclosure listing firm RealtyTrac Inc.
On a national level, overall foreclosure filings last month - including home repossessions - fell 7 percent from August and 16 percent from September 2011. There were 180,427 foreclosure filings reported for September, the fewest since July 2007 in the midst the housing market bust.
The number of homes entering the foreclosure process, so-called foreclosure starts, fell to 87,066 in September, down 12 percent from August and 15 percent from a year earlier. It was the second-straight month of declines following three months of increases, Irvine, Calif.-based RealtyTrac reported.
FULL story at link.
Read more: http://apnews.excite.com/article/20121011/DA1R4GT81.html
5 replies, 1886 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
US foreclosure filings hit 5-year low in September (Original post)
|Omaha Steve||Oct 2012||OP|
|The Wizard||Oct 2012||#1|
Response to Omaha Steve (Original post)
Thu Oct 11, 2012, 07:15 AM
The Wizard (8,528 posts)
1. This ought to get the wingnuts twitching
and fulminating. Teeth are gnashing and hands are wringing and panties are all in a bunch. It doesn't take much good news to get the teabillies banging their collective heads against the wall and convulsing.
This should give the hate radio nation and Pox News zombies a nervous tic.