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US foreclosure activity down 9% in November

Banks repossess fewer homes and schedule fewer auctions amid a more upbeat housing market than in the prior month

Banks reclaimed 25,249 homes across the US in November, a 10 per cent drop from the month before and a 17 per cent decrease from November 2013.


FORECLOSURE activity across the United States fell in November as banks repossessed fewer homes and scheduled a lower number of auctions, according to a report released on Thursday.

RealtyTrac said foreclosure activity, which includes foreclosure notices, scheduled