Home Foreclosures Drop

Just reported today: According to foreclosure-data firm RealtyTrac the number of homes getting a foreclosure filing, hit a 49-month low in December, as legal issues, documentation delays and weak housing demand all served to stall the processing of mortgage delinquencies.

Daren Blomquist, RealtyTrac’s director of marketing said: “It’s not that the housing market and economy are getting that much better; it’s just taking lenders 24% longer to foreclose on a home than it did before the robo-signing scandal made headlines in the third quarter of last year.”

Home Foreclosures Drop