Thursday, February 14, 2013
Six painful years
"After six painful years, the national foreclosure crisis may soon be drawing to a close. Listings firm RealtyTrac says the number of homes in the foreclosure process is down to the lowest level since the housing bubble burst. January’s total fell 28 percent compared to the year before. Lenders took possession of fewer homes last month. In California – one of the worst hit states during the crisis – foreclosures are down 75 percent over a year ago. Florida ranked highest among the states for the fifth month in a row. One in every 300 Florida housing units had a foreclosure filing in January – more than twice the national average."