Foreclosures Hit 6-Year Low in 2013

January 16, 2014
Associated Press 
mortgage lending news
According to RealtyTrac, lenders initiated foreclosure proceedings against 747,728 homes in 2013 -- the lowest yearly amount since 2006, before the housing meltdown.

Home repossessions also declined, totaling 462,970 for the year. The tally is down 31 percent from 2012 and also is the lowest volume of home repossession since 2007. Foreclosure volume has been dropping as the U.S. housing market and overall economy improve but remains high in states like Florida, California, and New York.

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