January's Foreclosure Explosion

In the prior foreclosure writeup, I opined that the high rate of December foreclosures was deceiving because it likely represented a period of catch-up from November&039;s abnormally low levels. I guess I was wrong, because January foreclosure activity came in even higher. During the month, 3,299 default notices and 1,461 trustee sale notices were delivered to delinquent borrowers.Read More...

[Source: The Money Blogs]