Fewer troubled property owners in US, giving hope that foreclosure crisis is slowing

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Nicholas Wallwork

Nicholas Wallwork

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Foreclosure filings in the US fell for the third month in a row in October*but are still considerably higher than they were a year ago, according to*the latest figures to be published.

The data from Realty Trac shows they decreased 3% in October. It said*three consecutive monthly declines are 'unprecedented' but foreclosures*are still some 19% higher than this time last year.



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