Home Foreclosures: Are They Really Down?

Are home foreclosures really down, or is the Realty Trac report exaggerated? If the report is correct, have we finally turned the corner?

This house, where Huntington lived, was built ...
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Are home foreclosures really down, or is the Realty Trac report exaggerated?

Realty Trac’s report is saying foreclosure fillings went down 2% in April 2010 from April 2009.

Nevada is still the highest.  This is their 40th month.  Not surprisingly, Arizona and Florida are next highest for foreclosures.

There could be several reasons for this, is we can really believe this report. One reason for the possible decline is that lenders are being more responsible with loans.  They’re not lending to high risk borrowers like they were in 2006.

Read USA Today’s Foreclosure Decline Report

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