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The Foreclosure Crisis is Drawing to a Close

The number of new foreclosure filings in August hit its lowest level in nearly eight years, according to RealtyTrac, an online marketer of foreclosed properties. Soaring home prices and a big decline in underwater borrowers — those who owe more on their mortgage loans than their homes are worth — have helped drive the trend.

via The foreclosure crisis is drawing to a close – Sep. 12, 2013.

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