Foreclosures to Climb in U.S. Before Bank Deal Helps Housing Market Heal
The $25 billion settlement with banks over foreclosure abuses may result in a wave of home seizures, inflicting short-term pain on delinquent U.S. borrowers while making a long-term housing recovery more likely.
Lenders slowed the pace of foreclosures as they negotiated with attorneys general in all 50 states for more than a year over allegations of faulty and fraudulent paperwork used to repossess homes.
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Tags: foreclosure crisis in ma, foreclosure news in ma, housing crisis in ma
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Lew Corcoran
Licensed Real Estate Professional
Certified Short Sale Guide
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