Publication Date:
Fri, 2011-12-30 14:14
Article Image:
Although Trulia predicts fewer mortgage delinquencies in 2012, foreclosures may rise.
Trulia said that improved employment figures at the end of 2011 might make it easier for more borrowers to pay their mortgages next year, Housing Wire reported. [1]
While Trulia says this trend could reduce 2012 delinquencies, the company expects foreclosures to continue to climb as banks sort through a backlog of distressed properties and stalled foreclosures.
The firm says once a settlement between mortgage servicers and state attorneys general is finalized, many delayed defaults will plunge through the process.
To read more, click here [1].
