Foreclosures Set to Surge in 2012
The struggling U.S. real estate market may get a fresh kick in the legs from an increase in foreclosures in 2012 after an ebbing of the robo-signing controversy that slowed down repossessions in 2011.
Surprising, and Scary, Surge in Foreclosure Notices
Mortgage default notices shot up 33% in August from July, a dramatic turnaround from the downtrend reported just last month and the sharpest monthly increase since the start of the housing crisis in August 2007.
Foreclosures Reach All-Time High, Study Finds
Foreclosures in August reached an all-time high according to RealtyTrac, an online marketplace for foreclosed properties. Foreclosures were up 25% over August 2009 to...