According to the Birmingham Business Journal, foreclosure filings in the U.S. have decreased by 25 percent over the past 6 months.
Furthermore, looking at comparing the first 6 months of 2011 to the first 6 months of 2010, the country has experienced a 29 percent drop in foreclosure filings.
Foreclosure data was complied in RealtyTrac’s Midyear 2011 Foreclosure Market Report. So far this year, 1,170,420 properties in the U.S. have received foreclosure filings. These include default notices, bank repossessions, and auction sale notices.
RealtyTrac’s report says that from January through June this year, there have been 14,399 foreclosures in Alabama and 23,095 homes put up for sale.
To discuss defending your property from foreclosure with an experienced attorney, contact the Birmingham foreclosure defense lawyers of GREENWAY BANKRUPTCY LAW, LLC at (205) 324-4000 today.