Foreclosure Activity Drops

English: Foreclosure Sign, Mortgage Crisis
English: Foreclosure Sign, Mortgage Crisis (Photo credit: Wikipedia)

New California Laws helps drop foreclosure activity: Foreclosure activity in much of the nation now appears to be accelerating downward, dropping 7 percent in a single month.  Foreclosure starts were down 11 percent from December and 28 percent compared to a year earlier and at the lowest level since June 2006.  Bank repossessions or REO dropped 5 percent from the previous month and wer down 24 percent from January 2012 to the lowest level since February 2008.

 

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