Friday, June 22, 2012
Foreclosures up across the country
A video from the Dylan Ratigan show this week discussing the increase in foreclosures.
On a side note, Dylan is leaving cable news - selfishly, I'm very disappointed as I think he is the most educated, objective news anchor in the market these days. He will be missed.
An overview of the discussion can be found below:
1) U.S. Foreclosures are up for the first in 2 years.
Weitz – this is not a surprise as the banks are now free to continue the ‘foreclosure mills’ without concern that Attorney General Offices will pursue them for improper practices.
2) States are using the AG Settlement for homeowners to aid in their general budget short falls.
See my original thoughts on the AG Settlement here: AG Settlement
3) Mediation programs, like the one implemented in Washington, work. Banks are more willing to utilize other loss mitigation methods including short sale or deed-in-lieu of foreclosure.
For more information on your rights in foreclosure or short sale, consider consulting with a Seattle Short Sale Attorney.
Weitz Law Firm, PLLC
520 Kirkland Way, Ste 103
Kirkland, WA 98033
at 9:32 AM