Foreclosure Starts Hit A 12-Month High

Foreclosure Starts Hit A 12-Month High

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Foreclosure completions are falling faster than the delinquent loan rate even though foreclosure starts have reached their highest level in a year in January according to the January 2015 Mortgage Monitor.

Repeat foreclosure starts have made up 51% of all foreclosure starts in January following an 11 percent month-over-month increase.

Overall foreclosure starts totaled 94,000 in January compared to 89,000 for December and 94,000 for January 2014.

These starts have not totaled more than 100,000 for any one-month since December 2013, but as you can see, it is getting close.

Foreclosure Starts Hit A 12-Month High - Short Sale Solutions

Foreclosure Starts Hit A 12-Month High – Short Sale Solutions

 

 

Short Sale Solutions

 

 

 

 

 

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