11th Dec, 2009

Foreclosure Filings Continue to Decline

Across the nation the home market continues to improve and for the fourth consecutive month foreclosure filings declined.

Foreclosures in MaineFilings were down 1% in August, 4% in September, 3% in October and 8% in November. Total filings were 306,627 in November according to RealtyTrac, an online marketer of foreclosed properties.

Although this news is encouraging, November’s results are still 18% higher than those reported in November 2008.

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