January foreclosure numbers are exhibiting a pattern very similar to a year ago: a double-digit percentage jump in December foreclosure activity followed by a 10% drop in January,” James J. Saccacio, CEO of RealtyTrac, said in a statement. “If history repeats itself we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans where neither the existing loan modification programs or the new short sale and deed-in-lieu of foreclosure alternatives works.
via lbpost.com
Interesting article. I am not sure why the coming influx of foreclosures is not getting more attention.
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