Slowing foreclosures may mask woes as new state laws help homeowners

The Saint ReportRetail, saintblogLeave a Comment

foreclosures When the research firm RealtyTrac Inc. releases its latest foreclosure report Thursday, don’t be surprised if the number of filings declines again, Michael Corkery writes in a Wall Street Journal report, which has been reprinted by the blog The Future of Real Estate.

The data may reflect several developments aimed at reducing foreclosures, including new state and municipal laws that put a temporary moratorium on foreclosures. Such laws are designed to give homeowners more time to work with their lenders and modify troubled loans. Some cynics say the laws are designed to give the appearance that the housing crisis is easing ahead of the November elections, Corkery writes.

Leave a Reply

Your email address will not be published. Required fields are marked *