Home Foreclosures Likely to Rise
Banks have stepped up their actions against homeowners who have fallen behind on their mortgage payments, setting the stage for a fresh wave of foreclosures.
It would seem that the banks robo-signing fiasco and self-imposed home foreclosure moratoriums are fading into history. With astounding numbers of delinquent homeowners on all lenders balance sheets, it looks like they’re getting back to normal in moving forward with home foreclosures.
Here in California many insiders estimate that a large percentage of delinquent homeowners have been living payment free for approximately 2 years.
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