Thursday, April 5, 2012

Americans brace for next foreclosure wave

Now that the biggest banks have reached a settlement for their robo-signing crimes, they can catch-up on all of the foreclosures they would have done if they hadn't gotten caught breaking the laws.

Source: Reuters

Zillow expects the resurgence in foreclosures this year, combined with excess inventory of unsold, bank-owned homes will contribute to a 3.7 percent national decline in prices before the market hits bottom in 2013 and stays there until 2016.

This is a Suspicious News Brief. Read more at Reuters.

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