Foreclosure filings decreased all over again in July, reaching their record low from November 2007, as processing delays and measures to prevent foreclosure allowed a larger quantity of irresponsible borrowers to stay in their houses.

Foreclosure filings declined 4 percent in comparison with June and were 35 percent lower than the same month in 2010, marking the 10th month in a row of year-over-year declines.

The leading online marketer of foreclosed properties reported that 212,764 U.S. housing units got some kind of foreclosure filing – notice of default, notice of auction sale or accomplished foreclosure – during the month. Bank repossessions totaled 67,829, decline of 33.6 percent since September, 2010, that was the peak month and when banks returned 102,134 homes.

The sharp foreclosure filings drop was produced by a foreclosure processing delay that was sparked by the “robo-signing” argument last fall. As a result of the scam, when the banks were accused of mistreating paperwork and failing to follow suitable protocols, banks are being much more careful and many filings have been delayed.

The drop also may show that not many borrowers are declining behind on payments. Or else, it could signify lenders are not filing those notices as quickly as they have in the past.

Analyzing initial default notices in California and it was concluded that the median sum of failed payments has increased to $78,000 from $17,000 over the past four years.