Saturday, August 2, 2014

Foreclosure Decline 'Not Expected to Last'

Foreclosure Decline 'Not Expected to Last'
Many markets across the country are seeing fewer foreclosures. “Additionally, there is concern over whether or not we can maintain this pace of improvement as the foreclosure inventory becomes more concentrated in judicial states with lengthier, more complex processes and timelines.”  The foreclosure inventory will soon consist of those in judicial states where processes to foreclose are drawn out.  It represents the 32nd consecutive month for year-over-year declines . Completed foreclosures fell 9.9 percent year-over-year, but on a month-to-month basis completed foreclosures ticked up 2.7 percent in June compared to May, read more.

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