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.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 123994009 - wtvy.com/a?a=123994009
Gray Television, Inc.