On October 25, 2012, RealtyTrac.com released third quarter 2012 Metropolitan foreclosure market report that indicates foreclosure activities decreased 62% in the third quarter from a year ago in 131 out of 212 metropolitan areas, and declined in 12 out of the nation’s 20 largest metro areas, compare to a year ago at the same time. The Riverside-San Bernardino metro area in Southern California had the highest foreclosure rate among the nation’s 20 largest metropolitan areas in the third quarter 2012.
The metro foreclosures third quarter 2012 market report is very encouraging news. It appears that less home owners defaulted on their properties in third quarter of 2012, a sign of the market showing some improvement compare to same time a year ago.
For more complete information on the metro foreclosures third quarter 2012 market report, please visit http://www.realtytrac.com/content/foreclosure-market-report/q3-2012-metro-foreclosure-rates-and-rankings-7448
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