Stacie Hartman

The Mortgage Blog of Stacie Hartman

Foreclosures Nearly Flat Year-Over-Year

Foreclosure filings were reported on 322,920 properties in May, a 3 percent drop from April and increase of less than 1 percent from a year before, according to RealtyTrac’s U.S. Foreclosure Market Report. James J. Saccacio, chief executive officer of RealtyTrac, says May’s numbers confirm that the inflow of delinquencies has slowed as lenders work through the backlog of forestalled foreclosures. In May, one in every 400 U.S. housing units received a foreclosure filing, which include default notices, scheduled auctions, and bank repossessions. More here and here.


Filed under: Uncategorized, , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: