MENU

      US foreclosure filings hit 5-year low in September


      U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders.


      It was the second-consecutive monthly decline in filings, although there remains a sharp divergence along state lines.


      A report by foreclosure listing firm RealtyTrac Inc. shows the number of homes entering the foreclosure process, so-called foreclosure starts, fell 12 percent from August and 15 percent from a year earlier


      The September decline helped reduce foreclosure filings in the third quarter to the lowest level since the October-December quarter of 2007, RealtyTrac reports.

      component-story-more_media_horiz-v1-01
      FOLLOW US ON TWITTER