Summer Knight
Summer Knight
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Foreclosures Drop!

Foreclosure filings hit a seven-year low in February 2014, according to RealtyTrac’s monthly foreclosure report.

There were 112,498 foreclosure filings in February, a 10 percent decrease from January and a 27 percent drop from the same time in 2013.

This level of foreclosure filings, which includes default notices, scheduled auctions, and bank repossessions, is the lowest monthly total since December 2006.

This lack of distressed property sales as helped stimulate the higher home prices we are now seeing.

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