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Foreclosures Plummet to Pre-Crash Levels

Foreclosures fall to 6-year low, 32% drop from last November

(Newser) - The number of US homes entering the path to foreclosure or winding up repossessed by lenders has fallen to levels not seen in more than six years. While foreclosures remain a concern in select states, the trend is the latest sign that foreclosures are becoming less of a national factor... More »

Foreclosures Shoot Up 7%

RealtyTrac calls it the end of the robosigning 'rain delay'

(Newser) - Banks let loose a flurry of foreclosures in October, filing foreclosure actions on 230,678 homes in total—a 7% jump from September, according to new figures from RealtyTrac. First notices of default were sent out on 77,733 houses, a 10% jump from the month before. The numbers “... More »

Banks Claimed a Record 1M Homes Last Year

And this year will be even worse

(Newser) - Banks repossessed a little more than a million homes last year, a record high, according to the latest report from RealtyTrac —and that’s despite a sharp drop off in the fourth quarter thanks to the robo-signing scandal . Next year will likely be even worse, one RealtyTrac exec tells... More »

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