realtytrac

RealtyTrac: Foreclosures Down 3% in May

Research firm RealtyTrac says that foreclosures dropped slightly in May to 322,920, down 3% from April and 1% from a year ago. But, the numbers, while down, remained above 300,000 for the 15th month.

Good News, Bad News on Foreclosures

The first-quarter foreclosure report had good news for the unluckiest, and bad news for almost everyone else. In 14 of the metropolitan areas hardest hit by mortgage defaults, foreclosures declined from 2009. But across the nation, 77% of cities saw foreclosures rise.