Foreclosure Filings Hit Five-Year Low

Irvine, CA, Oct. 11, 2012 -- U.S. foreclosure filings fell for the second consecutive month to a five-year low in September, according to tracking firm RealtyTrac.

The firm said that fewer homes were on track to be seized by lenders.

Nationally, overall foreclosure filings last monthfell 7 percent from August and 16 percent from September 2011.

There were 180,427 foreclosure filings reported for September, the fewest since July 2007 in the midst the housing downturn.

Foreclosure starts fell to 87,066 in September, down 12 percent from August and 15 percent from a year earlier.

Foreclosure starts declined in September on an annual basis in 31 states but rose in 19.


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