LOS ANGELES (CBSLA.com) — The number of American homes reposed by lenders in March fell to the lowest level in more than five years, according to Los Angeles-based Realty Trac Inc.READ MORE: Lawmaker Calls For Change On California Film Sets After Prop-Gun Shooting Death Of Halyna Hutchins By Alec Baldwin
The foreclosure listing firm found that home repossessions fell three percent in March from the previous month and were down 21 percent from a year ago.
In all, lenders repossessed 43,597 homes, the lowest level since September 2007.READ MORE: Inland Empire Commuters Dealing With Wet And Dangerous Road Conditions
California ranked 11th in the nation for foreclosures in March.
The Neighborhood Assistance Corporation of America (NACA) is offering homeowners struggling with their mortgages free help from Thursday through Monday, KNX1070’s Margaret Carrero reports.