Foreclosure Getting Going Away

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My prediction is another 6-9 months and short sales and REOS should be gone.

 

From DS News

 

LPS: Foreclosure Starts Plummet in October

Foreclosure starts fell even further in October after a steep drop in September, according to data from Lender Processing Services (LPS). In October, foreclosure starts numbered about 124,000, which represents a 22 percent decline from September to October and a 48 percent decrease from October 2011. LPS explained the plunge in foreclosure starts was likely driven by new borrower notification requirements outlined in the national mortgage settlement. However, LPS believes the influence of the national mortgage settlement will not have a lasting effect. » Read More

 

 

- sunil

 

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