Foreclosures Drop 11% in Q2

Foreclosures dropped across the country in Q209, according to the U.S. Foreclosure Index from property information specialists ForeclosureS.com.

Foreclosures dropped 11% during Q209 to 205,01. The crowded Northeast region led the way with a 32% fewer families losing their homes than in the previous quarter. Pre-foreclosures – notices of default early in the foreclosure process – fell by 10% from Q109 to 494,078. In the Midwest, 42% fewer notices were given.

* Full story available on The Housing Wire

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