'Foreclosure Floodwaters Have Receded'

'Foreclosure Floodwaters Have Receded'

Foreclosure filings dropped 34 percent in August compared to levels from a year ago, driven mostly by a big drop in foreclosure starts, RealtyTrac reported this week. 

Foreclosure starts in August were at the lowest level since December 2005 and were down 44 percent from a year ago. Thirty-eight states saw a decrease in foreclosure starts last month, including both nonjudicial and judicial states. In Colorado, foreclosure starts were down 80 percent alone, and foreclosure starts dropped 66 percent in Massachusetts and by 65 percent in Arizona. Watch the video to learn more ...