According to RealtyTrac, total U.S. Foreclosure activity and the U.S. foreclosure rate in 2011 were both at their lowest annual level since 2007. Foreclosure activity in 2011 was a decrease of 34 percent in total properties from 2010, 33 percent below the 2009 total and 19 percent below the 2008 total.

Some predict foreclosure activity could be a little higher in 2012 than 2011 but still below the peak of 2010.

Hopefully, the lenders will continue to find solutions for these homeowners to avoid foreclosure.

Shelley Bryant, Broker/Owner of Villa Realty, Denver, Lone Tree, and surrounding areas.