Well, it appears that the number of cases being filed in 2012 is down from 2011. This is based upon information in a report issued by the US Courts through March 2012.
What does it mean? Unemployment is still up. Real estate prices are not going up as foreclosures continue to rise in order to relieve the backlog of distressed properties on the market, as stated in a recent article. Although interest rates are down, that is little help when there is no equity in properties
The reality may be tough for anyone. There is still a long way to go. If there are questions that we can answer for you, please contact our office.
Knowledge is power.