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Foreclosures drop to 5 year low--Thanks Mr. President!
Foreclosures drop to 5 year low--Thanks Mr. President!
WASHINGTON -- Foreclosure filings fell in September to their lowest level in more than five years as a housing market rebound showed another sign of taking hold.
Substantial decreases in California and some other states hard-hit by the collapse of the housing bubble helped reduce filings to 180,427 last month, down 7% from August and 16% from a year earlier, according to foreclosure listing firm RealtyTrac.
The last time filings were that low was in July 2007.
http://www.latimes.com/business/money/la-fi-mo-foreclosures-housing-realtytrac-20121011,0,3876992.story
