RealtyTrac,a leading online firm which tracks the market for foreclosedproperty, reports that foreclosures fell to their lowest levels insix years in June.
“Halfway through 2013 it is becoming increasingly evident thatwhile foreclosures are no longer a problem nationally they continueto be a thorn in the side of several state and local markets,particularly where a backlog of delayed distress has built upthanks to a lengthy foreclosure process,” said Daren Blomquist,vice president at RealtyTrac.
“The increases in judicial foreclosure auctions demonstrate thatthese delayed foreclosure cases are now being moved more quicklythrough to foreclosure completion,” Blomquist said.
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