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Home  >  Foreclosure Defense  >  U.S. foreclosure rate drops

U.S. foreclosure rate drops

From 2012 to 2013, foreclosure activity decreased nationwide.

According to RealtyTrac, a 37 percent decrease in foreclosure activity was observed in November of 2013 compared to the previous year. Additionally, foreclosure activity in November had hit the lowest point since 2005.

RealtyTrac vice president, Daren Blomquist expressed optimism in this current real estate trend, saying that the foreclosure crisis appears to be coming to an end.

Even with the improvement of the foreclosure crisis, many homeowners are not immune to financial difficulties and impending foreclosure. The attorneys at Hong Law, PLC, work to defend Iowa homeowners against foreclosure. Speak with a lawyer today by calling (319) 632-1400.

 

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