Foreclosures back to 2007 levels 

Image via surassawadee/Shutterstock

Lenders foreclosed on homes last year at the lowest rate since 2007, but are expected to pick up the pace again this year as they put the "robo signing" scandal behind them.

A total of 1.89 million homes were subjected to some type of foreclosure-related filing in 2011, including default notices, scheduled auctions and bank repossessions, according to public records compiled by RealtyTrac. That's a 34 percent drop from 2010.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Professional Membership for $199/year OR
Premium+ Membership for $149/year OR
News Membership for $69/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.