The League of Iowa Human & Civil Rights Agencies

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Foreclosure activity falls for fourth month

Posted by Iowa Civil Rights Commission on December 10, 2009 at 5:37 PM

WASHINGTON - The number of homeowners on the brink of foreclosure fell in November, the fourth straight monthly decline, as mortgage companies evaluated whether borrowers were eligible for help. Nearly 307,000 households, or one in every 417 homes, received a foreclosure-related notice in November, down 8 percent from a month earlier, RealtyTrac Inc. said Thursday. Banks repossessed about 77,000 homes last month, down slightly from October. Millions of borrowers are still being evaluated for the Obama administration's foreclosure prevention effort. States are also trying to delay the foreclosure process, temporarily lowering foreclosure numbers.

 

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Categories: Foreclosures, Housing

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