Large num­ber of fore­clo­sures

Daily Press (Sunday) - - News -

Forty-one fore­clo­sures noted in Mon­day’s pa­per seems to be an ex­traor­di­nar­ily high num­ber con­sid­er­ing the boom­ing econ­omy that we sup­pos­edly are en­joy­ing right now. Per­haps this re­quires a bit more in­for­ma­tion or in­ves­ti­ga­tion.

Ed­i­tor: Fore­clo­sures in­crease or de­cline based on the econ­omy, as you say. This mar­ket is also af­fected by a large num­ber of mort­gages con­nected with VA loans. All of that said, some­times the num­bers are sim­ply based on when they are filed. Com­pa­nies oc­ca­sion­ally file a large num­ber at the same time. Per­haps that’s what you are see­ing. But we’ll keep an eye on it to see if we spot any un­usual trends that need to be re­ported.

Marisa Porto

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