Foreclosures See 25 Percent Drop from First Half of 2011

"RealtyTrac has released its Midyear 2011 Foreclosure Market Report, which shows a total of 1,170,402 U.S. properties received foreclosure filings--default notices, auction sale notices and bank repossessions--in the first six months of 2011, a 25 percent decrease from the previous six months and a 29 percent decrease from the first half of 2010. The report also shows that 0.90 percent of all U.S. housing units (one in 111) had at least one foreclosure filing in the first half of the year."