US Foreclosure Filings Hit 5-Year Low In September

By: Associated Press Email

Posted: Thu 5:44 AM, Oct 11, 2012

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.

A report by foreclosure listing firm RealtyTrac Inc. shows the number of homes entering the foreclosure process, so-called foreclosure starts, fell 12 percent from August and 15 percent from a year earlier

The September decline helped reduce foreclosure filings in the third quarter to the lowest level since the October-December quarter of 2007, RealtyTrac reports.

Official: 2nd Person Killed by Oklahoma Tornado

We ask that the following Community Standards be followed:

Comments must not be profane or vulgar.

Comments must not use hate speech, racial slurs, or violent descriptions.

We encourage varying views to be shared. We do ask commenters to not personally attack other readers, groups, people featured in our stories, or other posters for disagreeing with their views.

Comments must not contain negative, comparative debates between community standards of cities or towns.

Comments must contribute to the discussion, flaming and/or trolling will not be tolerated.

Comments must be truthful and not intentionally falsified. Providing a source link is encouraged.

If you find that a comment violates the above rules, please use the flagging option located to the right of the comment to notify the moderators.
For a complete list of guidelines, please follow this link:
http://www.kbtx.com/home/misc/Online-Commenting-Policy-181579421.html

US Foreclosure Filings Hit 5-Year Low In September

AP Video