Foreclosure marketplace Web site RealtyTrac estimates that 1.17 million homes received foreclosure notices in the first half of 2011. That’s down 25 percent from the previous six months, but the group said that no one should take this as a sign that foreclosures are on the decline. Instead, the report indicates that paperwork and other processing delays have simply delayed foreclosures that otherwise would have gone through. “(We) estimate that as many as 1 million foreclosure actions that should have taken place in 2011 will now happen in 2012, or perhaps even later,” James J.
Foreclosure Numbers Should Be Higher, Report Says
Hayley Tsukayama, Washington Post
Thu, 07/14/2011 - 6:02am
Topics: foreclosure housing market real estate
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