Foreclosures drop to lowest level since 2007

The national foreclosure inventory continued to drop and dipped to the lowest level since 2007, the latest First Look report from Black Knight.

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Foreclosure inventory was also down, hitting its lowest point since September. Every state saw a drop in delinquency rates over the year, with the exception of North Dakota, where rates held steady.

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This was the lowest foreclosure inventory rate seen since the fourth quarter of 2007. The percentage of loans on which foreclosure actions were started during the third quarter was unchanged on a seasonally adjusted basis, but increased to 0.44% from 0.40% on an unadjusted basis, an increase of four basis points.

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The number of homes in foreclosure fell sharply in December on a year-over-year basis. This follows new reports of wage growth nationwide and the volume of bankruptcies declining significantly. foreclosures drop to lowest level since 2007

LPS: Foreclosure starts up 2.8% from one year ago LPS Mortgage Monitor – June 2012. 90-day defaults have held lower than foreclosure starts for the last three months running, raising hope for fewer starts in the future . Federal Reserve Bank of Boston. 2.0% decline from one year ago.

The number of foreclosures in April fell to their lowest level since 2007 – and one reason is that lenders are getting smart. Instead of foreclosing.

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The number of properties in foreclosure in the U.S. dropped by 24000 to. in March, dropping to the lowest level seen since March 2007.

The price of existing homes sold in Las Vegas in November plummeted to their lowest level since August 2003 and. The one bright spot is there were 2,028 foreclosures in November, the fewest number.