Baltimore-area foreclosure rates increased in August

Baltimore-area foreclosure rates increased in August
The increase in Maryland's foreclosure rate is likely driven by a the substantial “shadow inventory” that built up when banks put the brakes on their foreclosure processes in the fall of 2010. At that time, bank became wary of moving forward with …
Read more on Baltimore Sun

Number of local foreclosures up
Nationally, the number of default notices, scheduled auctions, and bank repossessions was the lowest total since July of 2007, according to National Mortgage Professional Magazine. However, Delta County has been experiencing a foreclosure rate rivaling …
Read more on Escanaba Daily Press