TITLE

Unemployment Still Fuels Foreclosures

AUTHOR(S)
Dymi, Amilda
PUB. DATE
April 2011
SOURCE
Mortgage Servicing News;Apr2011, Vol. 15 Issue 4, p20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the impact of unemployment on property foreclosures in the U.S. According to James Saccacio, chief executive officer of RealtyTrac, high unemployment results to 72% rise of foreclosure activity in metropolitan areas. Moreover, data from RealtyTrac 2010 Year-End Metropolitan Foreclosure Market Report, reveal that rising rates remain and likely trigger foreclosure activities from 2011 and beyond.
ACCESSION #
59577807

 

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