The number of homeowners facing foreclosure in July was down from the month before and also saw a 34.4 percent decrease from July 2013.
According to CoreLogic, there were approximately 640,000 homes in foreclosure in July 2014 and 967,000 in July 2013.
Some experts believe that that number may drop as low as 500,000 by the end of this year.
Image via flickr/Jeff Turner
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