Are Fewer People Facing Foreclosure?

According to the U.S. Treasury mortgage payments have been modified and fewer individuals would face foreclosure proceedings. Reports show that at the end of January: • At the end of January, 947,000 households had received a deduction in their mortgage payments through HAMP. • 3% of 1.7 million households are eligible for HAMP. • 116,297 […]

Fewer Foreclosures for January

With individuals not being able to pay their mortgages, lenders step in and foreclose on their homes. Statistics • 315,716 homes were in the foreclosure process last month • 1 in every 409 U.S homes sold last month, is facing foreclosure possibilities. • 31% increase in foreclosures from January 2009 • 12% less default notices […]