The overall decrease put the combined number of reported default notices, scheduled auctions, and bank repossessions at 180,427 – the lowest total since July 2007. That’s also 7 percent less than August’ s foreclosure rate, and down 16 percent from September 2011.
“The five-year low, combined with the fact that the year-over-year decrease in foreclosures was in its twenty-fourth straight month, is evidence that we’re past the worst of foreclosure crisis,” said Daren Blomquist, vice president of RealtyTrac.
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