Realtor Magazine and their recent article “Foreclosures Plummet to 5-Year Lows” are informing that foreclosures have been dropping the last three months. The amount of foreclosures on the real estate market has not been this low since 2007. One reason for the low foreclosure sales is that banks are trying to sell these homes as short sales before they go into the foreclosure mode as foreclosure sales are more costly.
Foreclosures are Dropping