Lenders Repossessed Fewer Homes in May

The number of U.S. homeowners dangerously behind on their mortgage payments fell last month to the lowest level since 2006.

According to Realty Trac, foreclosures dipped two percent from April to May and fell 33 percent from the same time last year.

But it doesn't mean the housing market is really recovering.

Analysts believe processing delays are the real reason behind the drop.


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