Thirty states reported that real-estate-owned filings dropped from August to September, according to ForeclosureS.com, a Fair Oaks, Calif.-based investment advisory firm.Among states with high foreclosure numbers that recorded a decline in September were California (down 14.2%), Colorado (down 58.0%), Florida (down 14.2%), Michigan (down 21.1%), and Ohio (down 29.2%), the company reported. "Despite what some other data aggregators are saying, the big news is that many states, including some typically hit hard by rising foreclosures, actually saw a drop in the number of people who lost their homes to foreclosures last month," said Alexis McGee, president of ForeclosureS.com. The company can be found online at http://www.foreclosures.com.
ForeclosureS.com: REO Filings Drop in 30 States
October 16, 2007, 2:00 p.m. EDT 1 Min Read
