Overall U.S. Foreclosure Rates Decrease

According to the Black Knight Financial Services Foreclosure Report, foreclosure rates in the United States decreased last month. The foreclosure inventory rate dropped below 2%, the lowest rate seen since mid 2008. Mortgages currently in foreclosure are down 37% year-over-year, and have gradually decreased by more than half a million when compared to May 2013. Although rates have fallen, some cities are still experiencing high foreclosure rates. More here

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