Foreclosure Activity Drops to 8-Year Lows: Foreclosure starts, filings, and auctions all fell to nearly eight-year lows last month, RealtyTrac reported this week.
Lenders also repossessed fewer homes in May, down 27 percent from a year ago, and repossessions were at the lowest monthly levels since July 2007.'This is showing that foreclosures are fading further into the rear-view mirror in most places. 'This is good news for the housing market. ... I think the numbers will continue to drop and could flat line by early next year.” See U.S. Foreclosure Report May 2014: 
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