November Foreclosures Filings Post Biggest Monthly Decline Since April '06

LOS ANGELES (AP) — U.S. homeowners increasingly failed to keep up with their home loan payments in November, as the number of foreclosure filings surged 68 percent nationwide compared with the same month a year ago, according to a mortgage research company.
In all, 201,950 foreclosure filings were reported last month, compared with 120,334 in November 2006, Irvine-based RealtyTrac Inc. said Wednesday.
But, last month's filings fell 10 percent from October's