Foreclosure filings dropping nationwide - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Foreclosure filings dropping nationwide


Nationwide (WQOW) - The nation may be waking up from its foreclosure nightmare. The number of new foreclosure filings reached its lowest level in eight years.

Online marketer Realtytrac says in August,  initial foreclosure filings fell 44 percent. There were nearly 56,000 foreclosures.

The company says rising home prices and a big decline in underwater borrowers have helped to drive the trend.

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