FORECLOSURE FILINGS HIT 2-YEAR LOW

Foreclosure signs, Mortgage crisis,
Image via Wikipedia

The number of homes subjected to some kind of forclosure filling was down 8 percent during the final three months of 2010 compared to the same period a year ago, according to the latest numbers from data aggregator Realty Trac.

Realty Trac states as many as 250,000 foreclosure proceedings were put on hold in late 2010-proceedings that will likely to be restarted and add to the number in early 2011.

Reatly Trac’s numbers show that, for the year as a whole, a record 2.87 million properties were subjected to foreclosure-related fillings in 2010., up 2 percent from previous year.

CALIFORNIA… had the greatest number of properties subjected to foreclosure related fillings, but that represented a 15 percent drop from a year ago.

Enhanced by Zemanta