Despite the continuing economic uncertainty, it appears there is some good news. The number of foreclosures filed in Texas during the month of November was down more than 24 percent compared to last year.

Nationally, foreclosures were down in the month of November 14 percent compared to last year. In total, more than 224,000 foreclosure notices were filed during the month, a three percent decrease from October.

Texas also saw a decrease in the number of foreclosure notices compared to October. A little more than 10,000 foreclosure notices were filed in November. That's close to a three percent decline from October.

While these numbers may be good news, some officials don't think it's time to celebrate.

RealtyTrac, an online marketplace for properties in foreclosure, released the most recent numbers. Its co-founder pointed out that the 14 percent decrease in national foreclosures over the year is the smallest decline in 12 months. Also, there was a surge in the numbers of foreclosure auctions across the country.

Nevada, California, Arizona, Utah and Georgia remain the states with the highest foreclosure rates. In Texas, one in every 961 homes is in foreclosure. In places like Stockton, California, one in every 120 homes is in foreclosure.

It can be overwhelming when families are facing mounting debt and the possibility of foreclosure it can be overwhelming. Fortunately, there are options. In some cases, bankruptcy may be the best option. Through bankruptcy families are able to keep their home while reorganizing their debt. Other times, homeowners can seek a loan modification to make the mortgage payments more manageable. People with financial troubles may feel helpless, but there are places to turn for assistance.

Source: Austin Business Journal, "Report: Texas posts downward trend in yearly foreclosures," Tricia Lynn Silva, Dec. 19, 2011