Foreclosures Rising as Lenders Work Through Backlog
After a widespread lull in 2011, foreclosures have been on the rise again across the country, and many experts predict the trend to continue. According to a recent report from foreclosure listing firm RealtyTrac Inc., the number of U.S. homes entering foreclosure for the first time has been increasing in recent months compared to last year's figures. In June 2012, for instance, foreclosure actions were initiated against 1,509,015 homes nationwide, an increase of 18 percent over June 2011.
Robo-Signing Controversy Slowed Foreclosure Rates
The recent spike in foreclosures ...