Foreclosure activity falls for fourth month
Various government efforts help, but crisis is still likely to get worse
Associated Press
updated 9:29 a.m. CT, Thurs., Dec . 10, 2009
www.msnbc.com
WASHINGTON - The number of homeowners on the brink of foreclosure fell in November, the fourth straight monthly decline, as mortgage companies evaluated whether borrowers were eligible for help.
Nearly 307,000 households, or one in every 417 homes, received a foreclosure-related notice in November, down 8 percent from a month earlier, RealtyTrac Inc. said Thursday. Banks repossessed about 77,000 homes last month, down slightly from October.
