Foreclosure Starts Decrease

The foreclosure pipeline has 4 Million homes. These home owners are in foreclosure or are 90 days delinquent or more.

Foreclosure Starts fell below 200,000 which is a 31 percent drop (from March to April). This is a drop of 14.7 percent from last year.

It's a good sign that foreclosure starts are on the decline, especially since the foreclosure pipeline is already so very bloated.

http://www.inman.com/news/2011/06/1/foreclosure-starts-fall-pipeline-full

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