Boca Mortgage Blog

The Final Stages of Resolving the Foreclosure Crisis

May 15th, 2014 3:15 PM by Leonard Silvestri

There seems to be a silver lining shining through the dark cloud of the foreclosure crisis. As the number of bank repossessions increases in many states it serves as a clear indicator that these areas are progressing through the final stages of the foreclosure process. The rise in bank repos will also result in a higher inventory of well priced homes on the market. Read more about the final stages of the foreclosure meltdown and what investors can expect from the results.

The increase in bank repossessions or completed foreclosures in April even as other foreclosure statistics declined may indicate that the housing crisis is in its final stages RealtyTrac said today. While foreclosure filings overall, including default notices, scheduled auctions, and completed foreclosures, were down 1 percent in April, to a total of 115,830, there were 30,056 completed foreclosures, a 4 percent increase from March.

Posted in:General
Posted by Leonard Silvestri on May 15th, 2014 3:15 PM


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