Loan Reduction and St Louis Loans: Foreclosures Down Due to Robo-Signing
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan Audit News: Ironically, Robo-Signing Seems To Be Driving Foreclosures Down A Bit
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The number of consumers who have actually lost their homes to bank repossessions dropped even more steeply to 67,428.
That was off a whopping 28 percent from 93,236 in October 2010.
Repossessions are down approximately a third since September 2010.
The drop in total filings, which include notices of default, scheduled auctions and repossessions, followed a 4 percent decline a month earlier.
RealtyTrac CEO James Saccacio attributed the downtrend to fallout from the recent robo-signing controversy.
The robo-signing moratoriums were

