Bank Repossessions Hit Record High in August

By Valley West Mortgage 11 years agoNo Comments
Home  /  Featured Posts  /  Bank Repossessions Hit Record High in August

Though mortgage defaults have been falling for several months, bank repossessions (where borrowers actually lose their homes) have been climbing ever higher as mortgage lenders continue to work through their backlogs. They reportedly reached a new all-time high last month, according to data set to be released by RealtyTrac tomorrow (via Realty Check)

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