The amount of homes that are going into foreclosure has significantly decreased in October. This will be the third month of decrease in a row for the number of foreclosure in America.
The number of foreclosures has dropped 3% from September. Government Programs have helped to relieve the amount of homes that are going into foreclosure. For example, lenders are currently putting foreclosures on hold to wait and which borrowers will qualify for the Federal Loan Modification program. Experts remain hopeful that the national average will continue decreasing over the upcoming months.