by Calculated Risk on 10/11/2007 09:19:00 AM

From USAToday: Foreclosures drop, but they're nearly double 2006

Home foreclosure filings fell 8% in September from a 32-month peak in August, but they were still nearly double year-ago levels, real estate information company said Thursday.

A total of 223,538 foreclosure filings were reported in September, down from August's 243,947 but up from 112,210 in the same month a year ago, according to RealtyTrac of Irvine, Calif.

Despite the monthly decline, the September figure represents the second-highest total for filings in a month since the company began tracking filings two years ago.