Jan 12, 2012
December foreclosures at lowest level since 2007
12 Jan 2012
Posted by Andrew Kantor
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.)