Marshall Walker Real Estate

Homes in Foreclosure - Posiible Slow Down?

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

 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.