A Spike in Foreclosures is likely coming
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Mortgage delinquencies and foreclosure rates in the U.S. dropped to their lowest level for may in the past 12 years, according to the latest Loan Performance Insights report from CoreLogic, a.
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last week claimed responsibility for the price spike, admitting the data it sent to the state’s grid manager erroneously.
· However, Nickley said the foreclosures could spike again in the coming months if many lenders and borrowers aren’t able to reach satisfactory resolutions during the 90-day window. “I’m not hearing any reason to believe that we’re at the bottom yet,” he said of foreclosures in the state.
When is this new wave of foreclosures coming? Asked by Dodgerblu, Santa Ana, CA Tue Aug 11, 2009. My agent has been telling me that there is a wave of new foreclosures coming. Well its a been a while I still havent seen much.
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Foreclosure Activity in Massachusetts – Completed Foreclosures Spike. May 18, it is actually more likely a sign that the recent steady increase in completed foreclosures is starting to ramp up to follow the pattern seen in the petitions back about 18 months ago.. we are starting to see.
Foreclosures Spike Back Up in June, Nearly Matching Highs Written by The Tim on July 15th, 2010 October 28th, 2010 . 28 Comments Let’s expand on our preview of foreclosure activity with a more detailed look at June’s stats in King, Snohomish, and Pierce counties.
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Foreclosure filings peaked in late 2009, began dropping in 2010, and then tapered down to 2006 levels as foreclosures were processed, and as the home price surge of Housing Bubble 2 made new defaults less likely. But the spike in October stands out as much as those in the early phases of the housing bust in 2006 and 2007.