It is estimated that a short sale can save a lender 25 percent to 35
percent over foreclosure.
Not exact matches
For example, health problems and disability contributed to half of all home
foreclosure filings and
over 60
percent of all personal bankruptcy filings.
The core of the crisis lay in the field of mortgages — more precisely, in the
foreclosures of just
over 5
percent of all home mortgages
over the past year or so.
Even with high
foreclosure rates
over the last several years, more than $ 1 trillion of consumer debt — 9
percent — is still delinquent.
According to information from ForeclosureRadar via a Housingwire.com article by Jason Philyaw, notice of
foreclosure filing in the state of California increased in August by 16.6
percent over July.
There were 52,000
foreclosures completed nationwide in May, down 27
percent year
over year.
New data from the National Association of REALTORS ®» Local Market reports shows that the national
foreclosure rate eased from 2.8
percent in June of 2011 to 2.7
percent by December, with 113 of the 163 markets surveyed experiencing a decline in their
foreclosure rate
over this period.
Foreclosures are down 18
percent year
over year.
Roughly 2,700 properties completed the
foreclosure process, which was an increase of
over 98
percent from November of 2010.
After the last presidential election in 2008,
foreclosure filings had increased 81
percent over the previous year and home sales were down nearly 42
percent from record highs in 2005.
LPS reported
foreclosure starts were down 8.2
percent month
over month, while
foreclosure sales rose 10.1
percent.
The second quarter of 2012 saw a spike in the number of new
foreclosure filings with a nine
percent increase
over the first quarter and six
percent increase from the second quarter of 2011.