The number of homes facing foreclosure in 2011 dropped to the lowest level since 2007.
According to "Realty Trac" 1.9-million homes faced foreclosure last year. That's down 34-percent. But the reason for the drop wasn't more people paying their mortgages, it was procedural delays in the process that kept banks from taking back homes.
A real estate expert says more foreclosures are expected this year as banks clear out the back log.
Read the rest of the article at ABC 30
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