Foreclosures Down More Than 30 Percent From October 2010

RealtyTrac’s U.S. Foreclosure Market Report for October shows foreclosure filings, including default notices, scheduled auctions and bank repossessions, were reported on 230,678 properties during the month, down 31 percent from last year. But despite year-over-year declines, foreclosure activity was up 7.0 percent from September. James Saccacio, chief executive officer of RealtyTrac, said the numbers show strong signs that foreclosure activity is picking up as paperwork and processing problems are corrected. The five states with the highest foreclosure rate in October accounted for 53 percent of the national total for the month. More here.

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