For The 9th Straight Month, Foreclosure Filings Fall

By
Mortgage and Lending with Chris Brown | Certified Mortgage Planners NMLS 303797

Foreclosure changes 2010-2011

For the 9th straight month last month, foreclosure activity slowed.

According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings dropped 29 percent nationwide on an annual basis in June. The phrase "foreclosure filing" is a catch-all term, comprising default notices, scheduled auctions, and bank repossessions.

June marked the ninth consecutive month of sub-300,000 filings after....

 

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For The 9th Straight Month, Foreclosure Filings Fall

 

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Rainer
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Dan Hopper
Keller Williams Realty Downtown LLC - Denver, CO
Denver Realtor / Author / Advocate/Short Sale

Right up front, one would think this is really a positive indicator that things have started to change.  Behind the scenes, the banks have slowed down their filing of foreclosures... but watch out, I believe they will catch their breath, and we will still see a steady flow of foreclosures ahead.

Jul 15, 2011 01:32 AM #1
Rainmaker
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Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota Real Estate Expert

I heard on a couple post they are back up, perhaps thats just a prediction.  Its good they have been going down.

Jul 15, 2011 01:32 AM #2
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Rainmaker
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Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner

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