Posted To: MND NewsWire

For the fourth straight month foreclosure activity nationwide has declined according to information released by RealtyTrac . Despite this promising news, RealtyTrac also reported that the rate of defaults is still well above that recorded one year ago. Foreclosure filings which include default notices, scheduled foreclosure auctions and bank repossessions were reported on 306,627 properties during November. This is a decrease of nearly 8 percent from the October figures and shows that one in every 417 U.S. households is affected. This number is 18 percent higher than that reported in November, 2008. James J. Saccacio, chief executive officer of RealtyTrac, an Irvine, California company that bills itself as the nation's leading online marketplace of foreclosure properties, said, "November...(read more)