Eighty-four percent of the country’s largest metro areas experienced declines in foreclosure activity in the first half of the year, according to RealtyTrac’s midyear metropolitan foreclosure report released Thursday. However, RealtyTrac attributes these declines not to an improving market, but to delays in local foreclosure processes. Even the top 10 metro areas with the highest foreclosure rates in the first half of the year showed a year-over-year decrease in foreclosure activity.
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