Foreclosures Drop in State Again

The 20 metropolitan areas that experienced the biggest annual declines in foreclosure activity are in New York, Maryland, Florida, New Jersey, Connecticut and Illinois - all judicial foreclosure states, accoridng to RealtyTrac, the Commercial Record reported.

One in every 1,525 housing units in Connecticut received a foreclosure filing in June - well below the nation's average of one in every 583 housing units.

All told, foreclosure activity declined in 178 of the country's 211 largest metropolitan areas during the first six months of the year.

The decline is due to delays in the foreclosure process as lenders work through foreclosure documentation problems that first surfaced last fall. Those problems prompted them to resubmit paperwork on many properties that had been slated for foreclosure and led to a slew of government investigations of the mortgage industry.

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