Friday, October 12, 2007

Foreclosure Drop in September!

Are foreclosures on the rise or decline?

CNN money.com states that -- The number of foreclosure filings across the country dropped in September, falling 8 percent from a 32-month high in August, according to a regular monthly survey.

Deliquencies, according to an article I read on Cnn mney also states that ' "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."

Folks, there may be light at the end of the downward spiral after all.

What are your thoughts?

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