Repossessions Fall Sharply Over Year Ago
Irvine, CA, Feb. 13, 2014 -- Fewer homes were repossessed in January, as the number of completed foreclosures fell to the lowest level in more than six years, according to tracking firm RealtyTrac.
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Lenders repossessed 30,226 homes last month, a drop of 4% from December.
Completed foreclosures were down 40% from a year ago to the lowest level since July 2007.
However, 12 states reported annual increases in foreclosures.