1 Articles match "Bank Owned","Massachusetts","Number"
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Foreclosure Activity Deflating or Just Deferred?
Saccacio pointed out in a statement, the year-over-year change is a more indicative number of the overall trend. "The Meanwhile, REO (bank repossession) activity actually decreased on a YOY basis in January and February of 2007 but gradually started to gain momentum in the second half of 2007, and increases in REOs have far outpaced the increases in defaults and auctions in all six months of 2008. One could argue that this chart shows that the bulk of the properties that were at risk for foreclosure have migrated through the process and are now being repossessed by the foreclosing
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
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Foreclosure Activity Deflating or Just Deferred?
Saccacio pointed out in a statement, the year-over-year change is a more indicative number of the overall trend. "The Meanwhile, REO (bank repossession) activity actually decreased on a YOY basis in January and February of 2007 but gradually started to gain momentum in the second half of 2007, and increases in REOs have far outpaced the increases in defaults and auctions in all six months of 2008. One could argue that this chart shows that the bulk of the properties that were at risk for foreclosure have migrated through the process and are now being repossessed by the foreclosing
www.foreclosurepulse.com
- Tuesday, December 16, 2008