December foreclosures at lowest level since 2007

In yet another sign of the improving economy, RealtyTrac is reporting that December had the lowest number of foreclosures in a month since November 2007, and that foreclosures in 2011 were down 35 percent from 2010.

Some of that drop, of course, is because lenders had to stop foreclosing when it came to light that they were breaking the law to do it. (The final settlement with the states attorneys general is expected to be announced shortly.)

Read more over at RealtyTrac.

And click here to see what RealtyTrac sees about Virginia.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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