Mid-Year 2012 Foreclosure Market Report

According to RealtyTrac's Mid-Year 2012 Foreclosure Market Report, the number of foreclosures in the US has risen by 2% from January to June as compared to the previous six months. Compared to the first half of 2011, foreclosures were down 11%. This report indicates that a total of 1,045,801 properties that have foreclosure filings, which means that one in every 126 units have had at least one filing in the first six months of 2012. The federal government has been very focused on fixing the foreclosure problem by introducing aggressive foreclosure prevention programs. Lenders and servicers have also been pressed to be more strict about their policies and procedures.

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