Texas foreclosures take a 50 percent diveTexas foreclosures take a 50 percent divehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=65492013-08-21T15:36:00Z2013-08-21T00:00:00Z

TEXAS - A total of 4,914 foreclosures were filed in Texas in July 2013, marking a 50.7 percent decline from the number of foreclosures filed during July 2012, according to Irvine, Calif.-based RealtyTrac.

During July 2013, 3,498 homes entered the foreclosure process — a 39 percent decline from the number recorded in July 2012.

Meanwhile, a total of 1,416 foreclosures were completed in July 2013 — a 66.6 percent drop from the number of completions last July.

A completed foreclosure occurs when a property is sold at auction to either a third party or to the lender holding the mortgage.

Nationally, a total of 130,888 foreclosure notices were filed in July 2013, representing a 31.8 percent decline from the number of filings recorded in July 2012.

San Antonio Business Journal
http://www.bizjournals.com/sanantonio/blog/2013/08/foreclosure-filings-down-50-percent-in.htmlRead more at {Source}

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