Foreclosure filings fall to lowest level since 2007

Foreclosure filings fall to lowest level since 2007

Foreclosure filings fell 34% nationwide in 2011, to their lowest level since 2007.

 

RealtyTrac, a California-based foreclosure listings website, said nearly 1.9 million homes saw a foreclosure filing last year. That amounts to 1.45 percent of all U.S. homes, or one in 69 housing units.
But RealtyTrac and other foreclosure monitors believe banks have resumed many of the delayed foreclosure proceedings, and that 2012 may bring another spike in foreclosure activity. 
In Oregon, 22,492 homes -- 1.37 percent -- saw a foreclosure notice. That's a 39.1 percent decline from 2010. The state's worst foreclosure rates were in Deschutes, Crook, Jackson, Clackamas and Jefferson counties.

Read more at OregonLive.com.

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