Foreclosure Activity Declined Last Year
Irvine, CA, Jan. 17, 2013 -- Fewer homes in the U.S. were repossessed in 2012 than a year earlier, according to tracking firm RealtyTrac.
Banks repossessed 671,251 homes last year, down nearly 17% from 804,423 the year before.
The trend, along with an annual decline in overall foreclosure activity, may signal that foreclosure problems are easing on a national level.
However, half the states reported increased foreclosure activity in 2012 and many are expected to continue seeing increases this year, RealtyTrac said.
All foreclosure related activity fell 3% last year.