The number of foreclosure filings decreased to a two year low in November according to a recent survey. Totally 262,339 US properties received default or public sale notices or were detained in November decreased to 21% from October and 14% when compared to last year.
The Default notices were decreased to 31% when compared to last year and were at stages equal to where they were in July 2007. In legal states where courts supervise foreclosures, default notices are decreased to 43% when compared to last year.
The robo signing inquiry obliged lenders and servicers temporarily stopped on various foreclosures whereas they rushed to restore their internal events and revise or resubmit doubtful formalities.
The Default notices were decreased to 31% when compared to last year and were at stages equal to where they were in July 2007. In legal states where courts supervise foreclosures, default notices are decreased to 43% when compared to last year.
The robo signing inquiry obliged lenders and servicers temporarily stopped on various foreclosures whereas they rushed to restore their internal events and revise or resubmit doubtful formalities.
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