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Banks have been reluctant to proceed to full foreclosure with many of their seriously delinquent borrowers.
Lilliana DeCoursy, a real estate agent in Safety Harbor, Fla., has a rental property in foreclosure with GMAC.
It should have been a routine foreclosure, with Mrs. Bradbury joining the anonymous millions quietly dispossessed since the recession began.
About 112,000 borrowers whose homes were in foreclosure with HSBC Bank and other HSBC subsidiaries will receive some cash, regulators said.
Fox was still hoping to avoid foreclosure with a short sale — a phrase that had recently become part of the vernacular in Maricopa.
Roughly 2 million homes across the country remain in some stage of foreclosure, with more on the way, and they could flood the market.
Similar(34)
"What results is a very high rate of foreclosures with these types of loans".
There are still 25 states that saw an increase in foreclosures, with Florida leading the pack.
Judges have blocked some foreclosures with rulings that purchasers of mortgages could not prove that they owned them.
The city comptroller, John C. Liu, recently pushed the city's Banking Commission to require banks to disclose mortgage modifications and foreclosures, with breakdowns by economic class.
The delinquency survey on Thursday came out during a second day of Congressional hearings this week on foreclosures, with five major banks testifying.
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