Foreclosures Likely to Increase In 2012

Posted on May 10, 2012 at 12:55pm by

Foreclosures are expected to increase this year, after the bank’s settlement over the “robo-signing” problems of last year.

Homeowners whose properties escaped foreclosure last year may not be so lucky in 2012. After a lull caused by the problems banks had with improper document processing, the “robo-signing” scandal, indicators this year point to increased foreclosure rates by banks. Blame:

  • The United States Real Estate Market In 2012
  • Lack of Jobs
  • Foreclosures to Resume