Foreclosure Starts At A 11 Year Low … How Low Can They Go?
The foreclosure process began for 36,863 U.S. homes during July 2016, according to a recent report from RealtyTrac. This number of foreclosure starts fell 5 percent from the month of June as well as 19 percent from the previous year in July 2015. The report states that this number is the lowest level seen for foreclosure starts in 11 years, specifically May of 2005.
The mortgage segment is like this old barn. All of the structure is rotten and it is ready to fall over. The mortgage segment is the home of $3 mortgage inspections … $7.50 grass cuts in New Mexico … and 99.5% of the fraud, greed and corruption in the industry.