A Spike in Foreclosures is likely coming

Real Estate Crash 2018- Rate Hikes Will Spike Foreclosures 2018 Whether or not we see a continued spike in the rate of foreclosures, there do not appear to be any factors in the underlying economic fundamentals (home prices, demand, unemployment) that suggest we will be seeing a significant decrease in the rate any time soon.

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But although the R-word may be a trigger for those who remember-or even experienced-the mass layoffs, scores of foreclosures. But a downturn within the next two years still looks.

"Economic uncertainty and the risk of a global recession are likely to dampen transaction. of a correction in the global.

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January’s spike in foreclosure starts is likely attributed more to seasonality than any type of pattern that may be forming, according to Black Knight’s SVP of Loan Data Products, Trey Barnes. As the number of foreclosures spikes back, a new report is saying that as many as 30% of foreclosed houses are seriously damaged.

Foreclosure spike tests local market. more and more properties are likely to show up as foreclosures, Mughrabi said.. "There are definitely going to be some foreclosures coming through.

The spike in foreclosures is coming just as the midstate housing market is showing improvement. The number of homes sold in the second quarter of this year was 12 percent higher than in the same.

Five percent of Florida borrowers still owe more on their mortgages than their homes are worth, and an additional 5 percent have very little equity in their homes. It’s too early to predict what these homeowners will do if their home is now damaged and underwater, but at least a marginal spike in foreclosures is likely.

Massachusetts uses RealtyTrac to learn more about local foreclosure trends at RealtyTrac. Includes local state and local foreclosure market information and.

Colorado Foreclosure Activity Spikes 23 Percent in August According to RealtyTrac(R) U.S. Foreclosure Market Report. "The swell in foreclosure filings is likely fallout from pending litigation.

Foreclosure filings peaked in late 2009, began dropping in 2010, and then tapered down to 2006 levels as foreclosures were processed, and as the home price surge of Housing Bubble 2 made new defaults less likely. But the spike in October stands out as much as those in the early phases of the housing bust in 2006 and 2007.

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