September foreclosures fall

The number of foreclosures across the country dropped in September, falling 8 percent from a 32-month high in August, according to a regular monthly survey.

Delinquencies and defaults fell to 223,538 filings, according to the latest data from RealtyTrac, an online marketer of foreclosure properties.

RealtyTrac also reported that nationwide numbers were down in all foreclosure categories, which include default notices, auction sale notices and bank repossessions, with 39 states reporting decreased activity.
Mortgage meltdown: Vulture investors

But the figures were still double the number reported a year ago. "It's important to note that September's total was still the second highest monthly total we've seen since we began issuing our report in January of 2005," James Saccacio, chief executive of RealtyTrac, said in a statement.

Read Full Article from CNNMoney.com

- Posted: 2007-10-11 10:19:08

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