Large number of foreclosures
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.