REOs fall amid 'robo-signing' stall

RealtyTrac: Overall foreclosure activity flat from October 2009

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Inman Connect New York | January 29 - February 1, 2019

After hitting a record high in September, bank repossessions fell 9 percent in October — likely the result of foreclosure freezes by some major lenders, according to a report by foreclosure data site RealtyTrac.

Total foreclosure activity in October — default notices, scheduled auctions, and bank repossessions — fell 4.4 percent from September, though remained essentially flat from October 2009. A total of 332,172 properties received a foreclosure filing last month — one in every 389 housing units.

"October marks the 20th consecutive month where over 300,000