Foreclosure Activity Hits 40-Month Low

Nemeroff, Evan
July 2011
Mortgage Servicing News;Jul2011, Vol. 15 Issue 7, p20
The article reports on the affirmation of RealtyTrac Inc. regarding the decline of the foreclosure activity in the U.S. It states that foreclosure activity has slowed down reaching to the lowest levels in 40 months due to massive delays in preparing foreclosures rather than the outcome of a housing recovery. It also emphasizes that the slowdown of foreclosure activity reflects the inclination to not process foreclosures and wait longer for an alternative disposition, such as loan modification or short sale.


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