A Spike in Foreclosures is likely coming

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Could last years hurricane season spiked the foreclosure rates?. have remained flat and housing costs such as insurance keep going up.”.

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 · Foreclosures suddenly spike most since the last Housing Bust. The total number of homes with foreclosure filings jumped 27% in October from September, when they’d been at the lowest level since 2006. It was the biggest jump in monthly foreclosure filings since August 2007.

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When is this new wave of foreclosures coming? Asked by Dodgerblu, Santa Ana, CA Tue Aug 11, 2009. My agent has been telling me that there is a wave of new foreclosures coming. Well its a been a while I still havent seen much.

The property at 929 Kirby is the second River Oaks home to go under foreclosure in the last six months. The property at 929 Kirby is the second River Oaks home to go under foreclosure in the last.

U.S. home foreclosures fell in June after jumping to a 30-month peak in May, but default rates will escalate as a horde of mortgages resets at higher loan rates, real estate data firm RealtyTrac.

. the law has already delayed some potential foreclosures and likely affected foreclosure deeds to some extent in June. However, Nickley said the foreclosures could spike again in the coming months.

 · Foreclosures in April exceeded even March’s blistering pace with a record 342,038 homes receiving notices of default, auction notices or undergoing bank repossessions, according to.

HOA foreclosures on the rise Bank repossessions are likely to spike in coming months as these loans move through the foreclosure process, he said. Foreclosures in Nevada fell 18% in April from March.

Summary: Foreclosures suddenly spike most since the last Housing Bust The total number of homes with foreclosure filings jumped 27% in October from September, when they’d been a

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