HOPE NOW, a private sector alliance of mortgage servicers, investors, mortgage insurers, and non-profit counselors, estimated 45,000 homeowners received permanent, non-HAMP loan modifications from mortgage servicers during February 2012, down from 56,000, or 20 percent, compared to the month before in January.
While modifications were down, foreclosure sales and foreclosure starts also declined on a month-over-month basis, with 69,000 foreclosure sales and 167,000 foreclosure starts in February, compared to 79,000 sales, a 12 percent drop, and 200,000 starts, a 17 percent drop, in January.
Loans 60 days or more delinquent dropped from 2.77 million in January to 2.66 million in February, a 4 percent decrease…
Read the rest of this article by DSNews.com here: “HOPE NOW Reports February Modifications and Foreclosures Down“.
Contact me at (714) 914 9060 or firstname.lastname@example.org for all you real estate wants and needs.
Latest posts by Renee West (see all)
- I am celebrating my Chairman’s Circle Gold Award from my Brokerage. I received this Award commending my professionalism, diligence, integrity, and sales accomplishments. - March 5, 2018
- LAGUNA BEACH CUSTOM HOME OVERLOOKING CRESCENT BAY, EMERALD BAY, AND THE MAGNIFICENT IRVINE COVE. OFFERED FOR $13,900,000. - March 5, 2018
- This striking Cape Code home offers seamless transitions, blending interior and exterior environments with ease. 3 Bedroom, Office (converted from the 4th bedroom), 4.5 baths,4 fireplaces, outside fire pit, flex room, bonus room showcasing the Turret.Listed for $5,495,000. Contact Renee West for your private showing. Hurry, this move-in ready home will be sold very soon. - February 25, 2018