Thursday, January 12, 2012

Foreclosure rates plunge in 2011 - Jan. 12, 2012

Total filings, including default notices and bank repossessions were down 33% for the year to 2.7 million, according to RealtyTrac, the online marketer of foreclosed properties.

One in every 69 homes had at least one foreclosure filing during the year, while 804,000 homes were repossessed. That's a significant improvement from the peaks reached in 2010 -- when 1.05 million homes were repossessed -- and the lowest levels seen since 2007. "BUT " **** Read More;  Foreclosure rates plunge in 2011 - Jan. 12, 2012: "

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