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www.wmfd.com - Some good news on the housing front, as the number of homes lost to foreclosure is closing in on levels not seen since before the housing meltdown. }}" />

   
 
 
Foreclosures Drop To Pre-Meltdown Levels

Story By: Larry Stine

 

 

 
 
 
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  Original Published: 4/11/2013

  Some good news on the housing front.
 
  The number of homes lost to foreclosure is closing in on levels not seen since before the housing meltdown.

  Foreclosure filings, including notices of default, scheduled auctions and bank repossessions, during the first quarter fell 23 percent from a year earlier.

  It's the lowest level since the second quarter of 2007.

   Last month, banks repossessed about 44,000 homes.

  That's within striking distance of the pre-housing bust monthly average.

   At the height of the housing meltdown, in September 2010, repossessions topped 100,000 a month.

   
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