Foreclosures Drop in Maryland for Second Month in Row

Summary

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For the second month in a row, foreclosure filings in Maryland dropped in November, marking what could be the start of a trend toward recovery for the state's troubled housing market.

The state saw a 4.4 percent drop in filings compared to October, but the foreclosure rate is still 83.6 percent higher than it was a year ago, according to numbers released Thursday by Irvine, Calif.- based RealtyTrac Inc. With one in every 364 homes in some state of the foreclosure process, Maryland has the ninth-highest rate of foreclosure in the country, unchanged from last month.

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Foreclosures Drop in Maryland for Second Month in Row

Nationally, the November foreclosure rate fell 8 percent from October, but was still 18 percent higher than N...

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