Susan M. Wachter

Steep Increase in August Foreclosure Filings

A  report by RealtyTrac  on Thursday  revealed default notices filed by banks –  which represent the first step in the foreclosure process –were up 33 percent in August from July. Many analysts believe this is due to banks beginning to clear backlogged filings caused by the robo-signing controversy of 2010, which created a de facto  moratorium on foreclosures around the […]