Foreclosure activity down 32% year over year

[jpak]

Source: USA Today

The nation's foreclosure crisis continues to abate, but some states still have a long way to go.

Foreclosure filings last month — including default notices, auctions and bank repossessions — increased 2% from their 78-month low in June but were still down 32% from a year ago, market researcher RealtyTrac says.

Foreclosure starts — the beginning of the process — were up 6% from June but 38% lower year over year.

While down nationwide, foreclosure starts actually increased from a year ago in 15 states.

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Read more: http://www.usatoday.com/story/money/business/2013/08/15/foreclosures-florida-california-judicial/2653807/

[AnotherMcIntosh]

1. When fewer troops were being killed at the Little Big Horn, that didn't mean they were winning.

[Fire Walk With Me]

2. Stories reflecting the true nature of the illegal foreclosure engine and bulk home sales to Wall St:

It’s Not a Housing Boom. It’s a Land Grab
http://www.democraticunderground.com/10023364208

Just in the last 12 months, Wall Street’s Blackstone Group has raised $8 billlion to buy up homes on Main Street. Following suit, according to The New Republic, JP Morgan Chase—the nation’s largest bank—has organized a fund to purchase 5,000 single-family homes in states with some of the most depressed real estate prices. As I wrote last year, a former Morgan Stanley housing strategist left that bank, organized a billion dollars, and is purchasing up to 10,000 homes with these new resources.

Your mortgage documents are fake!
http://www.democraticunderground.com/12528463

U.S. accuses Bank of America of mortgage-backed securities fraud
http://www.democraticunderground.com/12528379

Disabled Desert Storm Veteran evicted at gunpoint
http://www.democraticunderground.com/12528467