The foreclosure business appears to be drying up. According to Housing Wire, there were 205,000 foreclosure filings in the month of December 2011. That’s the lowest monthly total since November 2007 and for the year 2011 was 35% lower than 2010.
Given the political football that foreclosures have become, it’s is difficult to know if this is a real slow down in foreclosures or if it’s just that the banks have slowed down the processing.
Related articles
- Question #3 for 2012: Will foreclosure activity increase in 2012? (calculatedriskblog.com)
- US DATA: RealtyTrac’s Yr-End 2011 U.S. Foreclosure a. (forexlive.com)
- LPS on Mortgages: “Trend toward fewer loans becoming delinquent has halted” (calculatedriskblog.com)
