In the month of June, RealtyTrac reported that national foreclosures continued to decrease.  Compared to the month of May, foreclosures dropped by 3%.  In the month of June, RealtyTrac says that 313,841 homes were foreclosed in the United States.

On a state-wide basis, not much changed.  The states with the highest foreclosure rates remained consistent with the top four being Nevada, Florida, Arizona and California.  The state of Utah was reported as number five, taking the spot from Michigan.

For the most part, the majority of states experienced a drop in foreclosure rates, which may be promising news for real estate market.  Additionally, there was a 30% decrease in the foreclosure rate compared to the same timeframe last year.

If you are facing foreclosure and would like to learn more about filing for consumer bankruptcy in the state of Utah, a Salt Lake City bankruptcy lawyer at the Stone Law Firm can help.  Contact us today to set up an initial consultation.