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A Spike in Foreclosures is likely coming

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.

It appears that the recent controversy about robo-signing of foreclosure documents and other delays in foreclosures also delayed the inevitable. One forecast now is a bunch of delayed foreclosures will be dumped on the market. cnbc refers to this as the foreclosure glut. This houses also will come on the market with the homes of prime mortgage holders who lost their jobs late in the downturn and other homes of people who held on as long as they could through the down cycle.

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 · If the series is renewed, a Season 3 would likely arrive next fall. Though it originally debuted in spring, it was pushed back due to the switch to Spike, and a.

According to the report, foreclosures in the Big Apple are likely to increase in the coming quarters based on these numbers.

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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.

 · As the number of foreclosures spikes back, a new report is saying that as many as 30% of foreclosed houses are seriously damaged. Foreclosures Spike in.

Among other likely factors pushing up enrollment is what is known as "reverse transfer." Ross said there has been a 37 percent spike in students shifting from. to this as we see more high school.

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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.