Housing industry improves based on overall foreclosure data

Posted on Thursday, November 10th, 2016 at 3:28 pm    

CoreLogic, a real estate information firm, recently released data revealing the housing industry is improving despite an uptick in completed foreclosures, according to a November 8th report of Housing Wire.

The latest recorded nationwide completed foreclosure data in September revealed an increase in monthly completions even though the number decreased annually. The current trend of increasing completed foreclosures can still be seen in a positive way because foreclosure inventories have been decreasing, according to CoreLogic’s CEO and President Anand Nallathambi. He argues that the overall housing industry will continue to improve next year. CoreLogic also noted the number of homeowners in serious delinquency because of their mortgages decreased significantly relative to data recorded in 2015.

While the overall housing industry continues to improve, the legal team at the Bradford Law Offices, PLLC understands that many Fayetteville residents are still being threatened with foreclosure every day. If you are in such situation, we can tirelessly work on your behalf to protect your home. Call us today at (910) 668-0006 to learn more about your legal options.