Foreclosure activity across U.S. continues to drop

Fortunately, the U.S. housing industry observed a 1% decrease in foreclosure rates for the month of April, Reuters reported on May 15.

Foreclosure activity including bank repossessions, foreclosure notices, and auctions is overall 20% lower than last year, making it the 43rd month in a row that foreclosure activity has been down. Compared to March, last month’s scheduled auctions declined by 3 percent, significantly lower in comparison to March 2013’s numbers.

According to RealtyTrac vice president Daren Blomquist, “we are getting closer to pre-recession levels of foreclosure activity.”

At GREENWAY BANKRUPTCY LAW, LLC, we understand that many people in Birmingham still deal with foreclosure. By getting in contact with our highly knowledgeable lawyers, we may be able to defend you against your home foreclosure and even reduce or eliminate your debt at the same time.  Contact us at (205) 324-4000 so that we can discuss your situation together.

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