U.S FORECLOSURE ACTIVITY DECREASES 3 PERCENT IN MAY

RE/MAX Market Update – Foreclosure-related filings fell 3% in May while bank repossessions were up 1% and hit a record high of 93,777, up 44% from a year ago. “…Overall foreclosure activity (is) leveling off while lenders work through the backlog of distressed properties…,” said RealtyTrac’s CEO. Read the RealtyTrac release: http://bit.ly/JuneMarketdata
http://www.realtytrac.com/contentmanagement/pressrelease.aspx?channelid=9&itemid=9427