U.S. foreclosures drop to lowest level since 2005, but on the rise in Florida

American lenders last year initiated foreclosures on the lowest percentage of American homes since 2005, raising hopes that the worst of the last housing crisis might be in the rearview mirror. The 52,069 properties targeted for foreclosure in December represented a 19 percent drop year over year and the sixth consecutive month of year-over-year-decline after a brief spike in July, according to a report from ATTOM Data Solutions. In total, about 625,000 homes faced foreclosure […]

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