Jann Swanson | Mortgage News Daily |
“Foreclosure activity in September was up 2 percent from August, RealtyTrac said today, but the third quarter saw the lowest level of foreclosure related filings since the financial crisis began. The company’s U.S. Foreclosure Market ReportTM covering the two periods showed 131,232 filings in September including default notices, scheduled auctions, and bank repossessions or completed foreclosures compared to 128,560 in August, but down 27 percent from a year before.
RealtyTrac said September was the 36th consecutive month that filings decreased on an annual basis, a decline that began with the robo-signing revelations in October 2010. At that time there was a near nationwide moratorium on foreclosures after lenders and servicers were accused of improperly signing off on legal documents.”
