Foreclosures Dipping Nationwide
November 12, 2009 by admin
Filed under foreclosures
Foreclosures are dipping as the number of homeowners on the brink of losing their homes dipped in October, the third straight monthly decline, as foreclosure-prevention programs helped more borrowers.
As an example foreclosure filings in Virginia fell 16 percent from a year ago, RealtyTrac Inc. said today. Also, the filings were down 4.7 percent from September. Those declines could indicate that the problem in the state may be easing.
In Virginia, 5,484 households, or one in every 597 homes, were in some stage of foreclosure activity in October, according to RealtyTrac.
The state was ranked with 19th-highest foreclosure rate in the country. We are seeing lower foreclosure rates nationwide.
