Foreclosure Filings Fall

According to nationalmortgagenews foreclosure filings dropped seven percent in Sept. to the lowest reading since the fourth quarter of 2007, a total of 180,427 properties. RealtyTrac tells MHProNews filings fell year-over-year 16 percent. For the third quarter 2012, the 531,576 foreclosure filings amount to a five percent decline from the second quarter and 13 percent from the same period last year. Foreclosures declined the most in nonjudicial states such as Nevada, Oregon, California, Georgia, Texas and Arizona. Florida, Illinois, Ohio, New York and New Jersey, all judicial states, showed an increase in foreclosures year-over-year in Sept. as well as for Q3 2012.

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