Friday, July 11, 2014

Concerned With Foreclosure Stats Bumping Up?

An article read indicates not to be worried. Only up less than 10% with 1/2 of those 2nd time round foreclosure starts. Meaning someone that was in foreclosure before, did a loan mod, got current, and now is defaulting again.

We are however, year over year, down by over 30%. So, although it's a little scary to hear that, it's still down from where we've been.

I think it's wise to be careful, wise to not give money to people that shouldn't have it, wise to be aware. I do believe we are continuing to get out of the black hole we went into, but it's still a bit grey.

Lauren Lefkowitz Greber ~ Realty Executives Valencia

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