Foreclosures Fall Nationally 26 Percent Year-over-Year

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 109,824 U. S. properties in May 2014, a five percent decrease from the previous month, and a 26 percent drop from one year ago to the lowest monthly level since Dec., 2006, according to RealtyTrac’s latest U. S. Foreclosure Market Report. Despite the overall drop nationally, 21 states marked monthly increases and 11 states posted annual increases in foreclosure activity. Massachusetts, New Jersey, New York and Indiana all showed annual increases, according to Of the country’s 20 largest metropolitan statistical regions, four marked year-over-year increases in foreclosure actions: Boston-Cambridge-Quincy Mass.; New York, Northern New Jersey, Long Island; Washington-Arlington-Alexandria; and Philadelphia-Camden-Wilmington. has learned lenders repossessed 28,373 U. S. properties in May, down 6 percent from the previous month and down 27 percent from May 2013 to the lowest monthly level since July 2007 — an 82-month low.##

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