Posted To: MND NewsWire
It seems at times that the wave of foreclosures will never end. At the end of 2015, according to RealtyTrac's 2015 U.S. Foreclosure Market Report released on Thursday, foreclosure filings had fallen by 62 percent from their peak of over 2.8 million reached in 2010. Yet in the year just ended there were still foreclosure filings - default notices, scheduled auctions and completed foreclosures or bank repossessions, on 1,083,572 U.S. properties. This is a rate of one filing for every 172 housing units or 0.82 percent, the second year in which the rate has been below 1.0 percent. While the 2015 filings were the lowest annual total since 2006 when 717,522 properties nationwide received a foreclosure filing that number was only a surprising 3 percent decrease from filings in 2014. In the final month...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1PdvqZQ
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