One Million Foreclosures delayed until 2012!
July 14th, 2011 at 11:35 am | Type:
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It’s been estimated that 1 million foreclosure notices for default, auctions and home repossessions that should have been filed by lenders thi syear will be pushed back until at least next year. While the delays may give homeowners time to catch up on their payments and avoid foreclosure, housing experts warn this means the looming shadow of inventory distressed properties will continue to plague the real estate market even longer!
Checkout this article explaining this foreclosure situation in depth:
Filed under : Real Estate Blog