Foreclosure Activity Moves East

In its monthly foreclosure report, RealtyTrac found that the number of foreclosures in one month hit a five year low; they also found that distressed homes were being listed for short sale rather than being foreclosed.  Yet despite the overall decrease, 26 states reported foreclosure increases, and those states were on the east coast including New Jersey, Pennsylvania, and Florida.  The report did not give an explanation for this, but found that the only major cities with foreclosure decreases were on the West coast.

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