Homes in Foreclosure - Posiible Slow Down?

Posted By Marshall Walker @ Jan 31st 2009 7:08am In: Short Sales and Foreclosures

 Possible Slowings in Foreclosures?

 

Recently the Morgage Bankers Association  sported that the nunmber of homeowners being in their mortgages had reached 6.99% ~ However the report further states that the numbers of families just entering default has begun to drop.

The MBA NOTED THAT THE SLOWING IN NEW DEFAULTS IS NOT NECCESARILY A SIGN OF RECOVERY,  but that the new rescue efforts and foreclosure moratoriums may be beginning to take hold.

 


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