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Foreclosures Continue To Decline

Foreclosures declined 8 percent in November compared with October, but were still up 18 percent from November 2008.

This was the fourth-straight month that U.S. foreclosures have declined since hitting an all-time high in July, according to online foreclosure marketer RealtyTrac.

Default notices, an indicator of coming foreclosures, also were down 8 percent from October, but up 22 percent from November 2008. Bank repossessions were flat from the previous month and down 2 percent from November 2008.

States with the highest foreclosure rates are:
Nevada
Florida
California
Arizona
Idaho
Michigan
Illinois
Utah
Maryland
New Jersey

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This entry was posted on Thursday, December 10th, 2009 at 11:36 AM and is filed under News & Events. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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