Skip to main content

Could Things In The Housing Market Finally Be Turning For The Better? | Bashian & Papantoniou

By Bashian & Papantoniou
February 09, 2011

Practice Areas

Resourses

Could things in the housing market finally be turning for the better?  Or are big lenders just remaining cautious about seizing homes due to  litigation  and regulatory inquiries present all across the country.    RealtyTrac , which follows foreclosure activity across the United States, reported last week that one in every 497 residences received foreclosure filings last month – or 261,333 properties in total.  This was the third consecutive month in which fewer than 300,000 properties had default notices, scheduled auctions or repossessions.  Although this is a 1% increase from the previous month, the figure is still down 17% from the year-ago foreclosure levels.  Experts have advised that the slowdown in the foreclosure process is due to the so-called “robosigning” issue that was discovered in October, 2010, where large mortgage servicers were having employees routinely sign off on thousands of affidavits without properly reviewing the required paperwork.  Read more
Category: Real Estate

  • Related Posts

    26 June 2026
    Buying or Selling a Business? Why the Right M&A Attorney Matters
    Read More

  • Related Posts

    13 June 2026
    The Deal That Closes Twice: A Buyer's Guide to Deferred Closings
    Read More

  • Related Posts

    06 June 2026
    Going Into Business With Friends or Family? Why You Need an Attorney-Drafted Operating or Partnership Agreement
    Read More