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By Sam DeBord | Broker in Seattle, WA

Foreclosures Decline For Fourth Straight Month

For the fourth straight month, U.S. home foreclosures declines, bringing some more good news to the real estate market.  The November foreclosures were 8% less than in October of 2009.
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Notices of Default from banks are also down this month, while total foreclosures and defaults are both up since the same time last year.

More than 50 percent of all foreclosures are in California, Florida, Illinois, and Michigan.
 

Sam DeBord and Brian Wiegand
Seattle Real Estate Brokers
(206) 552-8820  

Comments

By deansandra,  Fri Dec 11 2009, 12:28
Do you think this has to do with the moratorium of foreclosure efforts by lenders?
By Sam DeBord,  Fri Dec 11 2009, 12:47
Good question, it could be having some effect, although I think most lenders ignoring the national guidelines on short sales and foreclosures. I don't think the government has a real mandate yet.

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