But these numbers are likely to reverse next year, with foreclosures spiking again. And it has nothing to do with recent-vintage loans, which actually have performed as well as any in decades.
A national neighborhood advocacy group says Tennessee has one of the 10 worst foreclosure rates in the nation and local real estate experts say the situation is likely to worsen. In 2006, there.
The spike in foreclosures is coming just as the midstate housing market is showing improvement. The number of homes sold in the second quarter of this year was 12 percent higher than in the same.
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U.S. home foreclosures fell in June after jumping to a 30-month peak in May, but default rates will escalate as a horde of mortgages resets at higher loan rates, real estate data firm RealtyTrac.
According to the report, foreclosures are likely to increase in coming quarters based on these numbers. And it wasn’t just Manhattan: each borough saw a significant spike, with Brooklyn coming in at 43%, Staten Island coming in at 43% and the Bronx coming in at 41%.
Colorado Foreclosure Activity Spikes 23 Percent in August According to RealtyTrac(R) U.S. Foreclosure Market Report. "The swell in foreclosure filings is likely fallout from pending litigation.
Non-profits which help people stay in their homes are gearing for what’s expected to be another spike in foreclosures in 2010. Many banks are ending the moratoriums that had bought homeowners some.
Indeed, Q3 GDP data released last week revealed the sixth sequential weakening in India’s growth rate, with growth coming in at a relatively weak 4.5% y/y. Despite a recent food price induced spike in.
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The economic growth that started in 2009 and is the second-longest in U.S. history will likely end in 2020, they said.. a stock market correction and an unexpected spike in inflation. Meanwhile.
Foreclosures rise now, as banks try to get ahead of the traditional. year, so we know more are going back to the bank," said Rick Sharga, vice.
In May, one in every 1200 homes had a foreclosure filing in Florida, the third highest in the nation.. (WWSB) – Some possible bad news for Florida homeowners right now.. “A lot of foreclosures come after a natural disaster.