Foreclosures Drop – Lowest Since 2007

 In Foreclosures, Residential

The NAR trade publication, Realtor Mag, reports that foreclosures have dropped for the 10th consecutive month and are now at the lowest level since November, 2010. 

In July 2011, 212,764 homes received a foreclosure filing, and that’s down 35% from July 2010.  NODs have also dropped to 60,000 so that portends well for the future IF we don’t fall into a double dip recession.  After the last couple of weeks, all bets are off when it come to that.

Realtor Mag – Daily News – Foreclosures Reach Lowest Level Since 2007


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