For the second consecutive month in February fell in the opening of new foreclosure procedures in the United States of America, with 255,101 homeowners who have received notice of that path that often leads to the sale of the dwelling , a figure that is less than 14 percent compared to January and 27 percent against the same month last year and, according to information provided by RealtyTrac is at the lowest level in 36 months.
The reason for this is slowing the flow of foreclosure, as is known, of the increased caution of banks and finance in starting the process or take forward, particularly in the 28 states where there is a judicial step, especially the first warnings to initiate the procedure fell by 41 percent compared to February of 2010, while the planned auction for the sale of homes fell by 21 per percent on an annual basis.
Banking and finance has, however, came in possession in February of more than 66,000 homes, a figure lower than 17 percent compared to January and 18 percent over the same month last year, but in states where it is required a judicial step, the decline was even more marked increased to 35 percent on an annual basis. The problem
near future, however, is well represented by those 5 million borrowers are delayed by at least two mortgage payments, a portion of which will fail because of the crisis of the labor market and the collapse in property values, to catch up with their payments and who will inevitably first notifying the foreclosure process.
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