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Foreclosures Down 2 Percent in February

March 11, 2010 MSNBC interviews RealtyTrac SVP Rick Sharga about the February 2010 Foreclosure Market Report, which shows that foreclosure activity was down 2 percent from January but up 6 percent from February 2009. View Summary > Copy and paste this code to embed on your site Print Email Add Comment
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Sharga is asked if the monthly decrease in February, which is the second monthly decrease in a row, represents a silver lining in the housing market. Sharga notes that the foreclosure numbers came down in February for two primary reasons: processing delays in the foreclosure process, much of which was caused by the Obama Administration's new HAMP program; and harsh winter weather in some states.

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Great info. Posted: October 22, 2010 by: DD

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