Foreclosure filings up and down... what is going on?

"First, the good news: Foreclosure filings dropped nearly 10% between December and January. That's a total of 315,716 notices compared to 349,519 in December, according to RealtyTrac, which issues a monthly report on foreclosure activity." CNNMoney.com

December and January of 2009 showed promising signs that things were turning around for homeowners falling short on their mortgages. Foreclosure filings were down 10% compared to the year before; Americans were hopeful and just as homeowners were starting to move forward, BAM! Foreclosures filings reported a 15% increase last month and Home Repossessions jumped 31% for January 2010 compared to the same time last year... What is going on with this foreclosure rollercoaster? We'd love to hear your thoughts on this topic, please leave your comments below.

Read the full report from CNNMoney.com Here.

By: fuquaymls | In: Foreclosures | Comments: 0 | On: 02/12/2010 14:27:42

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