Fewer homes seized last year
Down about 17% from year before
Posted: 01/17/2013
LOS ANGELES (AP) -
New data show that lenders took possession of fewer U.S. homes in 2012 than a year earlier.
The foreclosure listing firm RealtyTrac Inc. says banks repossessed about 671,000 homes last year. That's down nearly 17 percent from the year before.
But the firm says in 25 states last year, there was an increase in the number of homes in some step in the foreclosure process.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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