[CITY] Real Estate News

September 15th, 2011 5:11 PM

Surge in Defaults Breaks Six-Month Run of Declining Foreclosure Stats

The lingering effects of the foreclosure moratoriums enacted after evidence of improper foreclosure processing came to light appear to be fading. Data released by RealtyTrac Thursday shows the first rise in foreclosure filings since January, with all of the increase coming from new default notices. The tracking company says overall filings jumped 7 percent between July and August. Default notices posted their biggest month-to-month increase since August of 2007, up 33 percent.


Posted by James Cafarelli on September 15th, 2011 5:11 PMPost a Comment (0)

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