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Number of foreclosure filings decrease by 18 percent from 2013 to 2014


An 18 percent dip in the number of U.S. homes that filed for foreclosure was noted from January 2013 to January 14, according to RealtyTrac.


Though last month there was a 10 percent increase from December to January in the number of homes that entered foreclosure proceedings, this was still 12 percent lower compared to numbers from January 2013. On the other hand, homes that had completed the foreclosure process last month also dropped by 40 percent compared to last year’s data.


At the national level, at least one in every 1,058 homeowners filed for foreclosure last January.


Though the foreclosure crisis in America continues to decline, the legal team at Greenway Bankruptcy Law, LLC,understands that a lot of homeowners in Birmingham are still being threatened by foreclosure every year. If you want to explore your foreclosure defense options with our knowledgeable attorneys, call (205) 324-4000 today.

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