"Daily Real Estate News | December 19, 2007Foreclosure Rate Improves Over Prior MonthForeclosures declined 10 percent in November compared with October, but were up nearly 68 percent compared with November 2006, according to RealtyTrac, a foreclosure sales and data company."This could indicate that foreclosure activity has topped out for the year, but the true test of whether this ceiling will hold will come at the beginning of next year" when a seasonal increase tends to occur and rates on more mortgages are to rise, RealtyTrac CEO James Saccacio said in a statement.". . . .
Click here for the full report.http://www.realtor.org/RMODaily.nsf/pages/News2007121905?OpenDocument
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