Number of homes taken back by lenders tumbles
It's really worrisome to think in numbers, and knowing that 1 million ... 1.2 million can overcome the year 2011. I just hope that the next years to come blessed!
The decline in foreclosure activity was most pronounced in the more than 20 states that require foreclosures to be approved by judges and where many of the documentation errors came to light.
Initial notices sent to homeowners in those states who fell behind on their mortgage were off 43 percent from last year, while foreclosure auctions were down 38 percent, RealtyTrac said.