Completed Foreclosures Hit New High in February
Moratoria what? Completed foreclosures reached their highest point since the crisis got underway, rising 67 percent from January’s muted total.
In February, 121,756 homes were repossessed by banks and lenders, up from 72,694 in January and topping the previous high of 104,243 last September, according to Foreclosures.com.
Of course, many will argue that most of these foreclosures were initiated a long Read more
Hope Now Completed 225,000 Workouts in October
Hope Now, a foreclosure prevention coalition of mortgage servicers, lenders, and housing counselors, carried out 225,000 workouts last month, 13,000 more than the record it set a month earlier.
Since the beginning of the year, roughly 1.7 million foreclosures have “been prevented,” by the alliance, though it has yet to be seen if that will actually hold true over the long term.
The group is on pace Read more