Good news from US Housing Wire:
Foreclosures nationwide dropped to 3.17% last month. To put this in perspective, that is down 24.55% from last April.
24.55%
That's kind of a big deal.
Call it what you will - plummeting, dropping, decreasing, diving, declining, plunging, letting up - it's clear that we are in a new market.
Additionally, the delinquency rate for loans that are past due but not yet in foreclosure are at 6.5%, which is the lowest since July 2008.
States with the highest percentage of non-current mortgages include Florida, New Jersey, Mississippi, Nevada and New York.
Meanwhile, the list of states with the lowest percentage of non-current loans includes Montana, Wyoming, Alaska, South Dakota and North Dakota.
Original source HERE.
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