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.

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