Mortgage And Real Estate News

Friday, June 7, 2013

Foreclosure sales rate in judicial states shoots up 17% | HousingWire

New data from Lender Processing Services challenges the notion that judicial foreclosure states are seeing little improvement in the movement of distressed properties.

In fact, the month of April was a bright spot with the foreclosure sales rate in judicial foreclosure states growing nearly 17% from March to April – the highest sales rate since the foreclosure moratoria hit in the fall of 2010 due to concerns over robo-signing, LPS said in its April Mortgage Monitor.  

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