Friday, September 3, 2010

Buried in a Loan Modification Article is news about foreclosure starts

Foreclosures starts did almost double the modifications in July. Hope Now reported 226,664 foreclosure starts for the month, a 22% increase from June. Foreclosure sales reached 97,951 in July as well, a 12% growth from the previous month.
And with this news about Fannie Mae speeding up foreclosures it looks like more inventory hitting market.

Read it all

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