Foreclosure Activity at Eight-Year Low

Irvine, CA, June 10, 2014 — Foreclosure activity in the U.S. fell to an eight-year low in May, according to tracking firm RealtyTrac.

RealtyTrac said 109,824 properties across the country were at some stage of the foreclosure process in May, which was down 5% from April and 26% from a year ago.

May was the 44th consecutive month foreclosure activity was down year-over-year.

Lenders reclaimed a total of 28,373 properties in May, down 6% from April and 27% from a year ago. It was also the lowest level since July 2007.

Florida continued to have the highest foreclosure rate.

http://www.floordaily.net/Flooring-News/Foreclosure_Activity_at_EightYear_Low.aspx

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