Foreclosures in 178 of the 211 metropolitan areas in the U.S. declined in the first half of 2010 compared to the first half of 2009, according to RealtyTrac.
But the foreclosed properties specialist said this merely signals that the foreclosure process in many states remains bogged down.
"Foreclosure activity continued to slow in the first half of 2011, especially in the most foreclosure-saturated markets and in markets where the judicial foreclosure process is used," said James J. Saccacio, CEO of RealtyTrac.
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