Foreclosure filings drop to a nine year low

Posted by SoftPro on 1/14/16 9:01 AM

Good news for the real estate industry.  RealyTrac reported that default notices, scheduled auctions and bank repossessions were reported on 1,083,572 U.S. properties in 2015, the lowest annual total since 2006, when there were 717,522 properties with foreclosure filings nationwide.

“In 2015 we saw a return to normal, healthy foreclosure activity in many markets even as banks continued to clean up some of the last vestiges of distress left over from the last housing crisis,” said Daren Blomquist, vice president at RealtyTrac.

To read more click Foreclosures drop to a nine year low

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