U.S. Foreclosures Drop to a Level Last Seen in 2006

The inventory of distressed U.S. properties has fallen to the lowest point since 2006, before the financial crisis sent foreclosure filings, default notices, property auctions and bank repossessions soaring, according to RealtyTrac, a housing data company. RealtyTrac’s new Year-End 2014 Foreclosure Market Report shows that U.S.