Monday, March 23, 2015

About-Face in February After Jumping

Foreclosure Starts Retreat After Spiking 

The number of foreclosure starts nationwide did an about-face in February after jumping to their highest level in 13 months in January. Foreclosure starts dropped by 15 percent month-over-month in February, down to 79,700, the lowest level since November 2014 and their third lowest total for any month in at least seven years, according to Black Knight. In addition to the decline foreclosure starts experienced. In February, a couple of other foreclosure statistics dropped to pre-recession levels for the month. Foreclosure inventory fell below 800,000 (a nearly 30 percent decline) for the first time since December 2007, Learn more watch our video.

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