Up 18% in a year, foreclosures fall 8% in a month

RealtyTrac reports that there were 306,627 default notices, scheduled foreclosure auctions and bank repossessions involving U.S. properties during November, a decrease of nearly 8 percent from October but still up 18 percent from November 2008.

The report also shows one in every 417 U.S. housing units received a foreclosure filing in November. Continue reading