RealtyTrac: Foreclosure filings near 5-year low

RealtyTrac: Foreclosure filings near 5-year low 0 Foreclosure filings fell to their lowest level since July 2007, driven by declines in foreclosure-burdened states like California, Arizona and Nevada.

U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders. It was the second-consecutive monthly decline in filings, although there remains a sharp divergence along state lines, according to a report Thursday by foreclosure listing firm RealtyTrac Inc.

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March foreclosure filings, with 239,795 reported nationally, were down 35% from a year before. But the U.S. housing market itself was in no better shape, said James Saccacio, chief executive officer of RealtyTrac, adding that he expects foreclosure filings to pick up again in the near future.

RealtyTrac. of 2007 – near the beginning of the housing crisis – the foreclosure process in New Jersey took an average 340 days. “As of the fourth quarter 2010, it’s actually taking 849 days from.

U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders. It was the second-consecutive monthly decline in filings, although there.

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Low near 50F. Winds ESE at 5 to 10 mph.. Foreclosure filings were issued for one in every 47 households in the metropolitan area during the first six months of this year, according to the real.