News Summary: Completed foreclosures down

(AP) - COMPLETED FORECLOSURES: Foreclosure listing firm RealtyTrac says that the number of U.S. homes repossessed by lenders in October dipped 1 percent from the previous month and declined 29 percent versus October last year.

FORECLOSURE STARTS: The number of homes that got started on the foreclosure path in October rose 2 percent from the previous month, but fell 34 percent from a year earlier.

POSITIVE TREND: As of the end of October, the nation is on pace to end this year with just under 500,000 completed foreclosures, down from 671,251 last year.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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