Recent data from real estate research firm RealtyTrac shows that the number of U.S. homes in foreclosure last month marks the lowest since 2006, Forbes reported on March 13.
According to the data from February, at least 112,498 properties nationwide were in various phases of foreclosure proceedings, the lowest number since December 2006. Properties that started to enter foreclosure proceeding were also the lowest since the U.S. housing industry was struck by a crisis with only 51,842 properties with default notices recorded.
Though most states are observed to be recovering from the foreclosure crisis, RealtyTrac said there were at least 14 states last month that had an increase in homes entering foreclosure.
Though most states in the U.S. are continuing to recover from the foreclosure crisis, a lot of people in Birmingham are still facing the threat of losing their home. At GREENWAY BANKRUPTCY LAW, LLC, our legal team is here to help people facing this situation explore options for keeping their home. Call (205) 324-4000 to find out how we can help you work through your financial problems and possibly keep your home.