Tag Archives: Foreclosures Continue to Fall From Last Year’s Levels

Foreclosure starts are down 13 percent from a year ago when they had reached a 17-month high, RealtyTrac reports. Foreclosure starts include default notices or scheduled foreclosure auctions. Many experts had been predicting a foreclosure wave to occur this summer with foreclosures reaching elevated levels. But the “wave” has yet to materialize. Foreclosure starts increased 1 percent in August from July but remain well-below year ago levels. Several states saw large decreases in foreclosure starts in August: Oregon – 89% decrease Nevada – 64% decrease Utah– 57% decrease Massachusetts – […]