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Three reasons foreclosure activity is skewed

By Bubbabear   Follow   Tue, 30 Oct 2012, 4:01pm PDT   336 views   1 comment
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The decrease in September helped drop the third quarter foreclosure numbers to the lowest level since the fourth quarter of 2007. Foreclosure filings were reported on 531,576 U.S. properties during the quarter, a decrease of 5 percent from the second quarter and a decrease of 13 percent from the third quarter of 2011 - the ninth consecutive quarter with an annual decrease in foreclosure activity. The report also shows one in every 248 U.S. housing units with a foreclosure filing during the quarter.

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E-man   Tue, 30 Oct 2012, 4:07pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 1

1 in 248 in foreclosure. That's a much more believable number compared to War's number 1 in 317,000.

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