In the News 02/10/2015

foreclosure-1

In 2014, 1,117,426 properties were reported as having foreclosure filings, default notices, scheduled auctions and bank repossessions. This number is down 18 percent from 2014 and 61 percent from the peak of foreclosure filings in 2010. The 2014 total is the lowest since 2006.

According to Daren Blomquist, Vice President at RealtyTrac, the foreclosure market is close to stabilizing to a historically normal level; however, a recent surge in foreclosures at the end of 2014 indicates that lenders are preparing for a “spring cleaning” in the first half of 2015 in some states. Read here for more information:

http://www.creditandcollectionnews.com/viewer.php?url=http%3A%2F%2Fwww.centralvalleybusinesstimes.com%2Fstories%2F001%2F%3FID%3D27554

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