Foreclosure rates in the U.S. at a record low

A real estate firm commented on a recent trend in a nationwide decline in foreclosure activity. According to recent data, this year’s foreclosure crisis is was the lowest that it has been in eight years.

RealtyTrac, a estate research company, mentioned that the foreclosure activity in November had fallen 37 percent compared to last year. This recorded data marks an all-time low since December 2005.

Darren Blomquist, the vice president of RealtyTrac, said that this positive turn in the real estate market could point to improved economic conditions nationwide.

Despite a decline in foreclosure rates, the threat of foreclosure looms over many homeowners in the United States. If you are in need of foreclosure defense in and around Florida, contact the attorneys of Ryan J. Really, Attorney at Law, PLLC. Give us a call at 513-621-0999.