Record Drop in National Foreclosures

Drop in Foreclosures

Want to see the effect of the foreclosure freeze on the number of bank repossessions?  Just take a look at the graph above.  After the robo-signing scandal, where the sloppy foreclosure practices of banks were exposed, there was a sharp decline in repossessions.  This can be attributed to the banks halting all foreclosure activity to ensure that their practices … [Read more...]