A Spike in Foreclosures is likely coming

According to the report, foreclosures in the Big Apple are likely to increase in the coming quarters based on these numbers.

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But according to one analysis from Bloomberg, before the relief arrives there will likely be a massive spike in foreclosures. The billion settlement with banks over foreclosure abuses may result in a wave of home seizures, inflicting short-term pain on delinquent U.S. borrowers while making a long-term housing recovery more likely.

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January’s spike in foreclosure starts is likely attributed more to seasonality than any type of pattern that may be forming, according to Black Knight’s SVP of loan data products, Trey Barnes.

Spike in Foreclosures . Jan 2014 -Why? with individual measures of on-going unemployment status, we are like.. shows a somewhat similar timing in the surge of foreclosures across.

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Waves of more foreclosures coming By. He expects to see several different spikes in foreclosures over the coming year and into 2011, and he believes wholeheartedly that these foreclosures will be unavoidable and highly detrimental to a recovery in home prices.. "Foreclosures will likely.

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from.. sold subject to the mortgage, with the proceeds from the sale going to the payments owed the mortgage holder.. The rise in foreclosure activity has been most significant in New York and New Jersey, the two most densely.