U.S. FORECLOSURE INDEX: 11% Drop in 2nd Quarter Foreclosures
Business Wire
SACRAMENTO, Calif.–(BUSINESS WIRE)–Foreclosures headed downward across the country in the second quarter as moratoriums, bailouts, reforms, and negotiations help strapped homeowners hang on to their properties, according the latest U.S. Foreclosure Index from property information specialists ForeclosureS.com.
Nationally foreclosures dropped 11% in the second quarter (205,031) over the first quarter this year, with the decline in some regions even stronger. In the Northeast, 32% fewer homeowners lost their properties to foreclosure.
