Foreclosure filings, which include default notices, scheduled auctions and bank repossessions, were reported on 212,764 properties in July, a 4.0 percent decrease from June and 35 percent below last year. According to RealtyTrac’s U.S. Foreclosure Market Report, foreclosure activity reached the lowest monthly total since November 2007. James J. Saccacio, chief executive officer of RealtyTrac, said July marked the tenth consecutive month of year-over-year decreases and, though the declines were initially triggered by foreclosure moratoriums in October 2010, processing delays, along with national and state foreclosure prevention efforts, may be allowing more distressed homeowners to stave off foreclosure. More here and here.