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Foreclosures Increased in Third Quarter of 2011

By Mike in with 0 Comments

New home foreclosures that were initiated by large national banks rose up to 21.1 percent July, August and September 2011. The cause seems to have been paperwork problems as mortgage servicers lifted voluntary holds. Click on the link below to read the Los Angeles Times article Home foreclosures jumped in third quarter, federal report says for more information.