Several States Experience Increase in Foreclosures

After months of declining figures across the United States, several states saw an increase in foreclosure filings over the past month.

According to a company that monitors foreclosures nationally, Indiana, Pennsylvania and Florida saw the largest increases. In total, 77,733 properties received their first notice of default. This represents a 10 percent increase from the previous month. In fact, October represented a seven-month high for scheduled auctions, notices of default and bank repossessions.

While this does not come as a surprise to financial experts, homeowners did appreciate the period of relief from last year into early this year. After the spate of robo-signings forced several lenders to stop the foreclosure process, most of these lenders have been given the green signal to resume foreclosure proceedings.

Are you in danger of losing your home? If so, contact the Malaise Law Firm as soon as possible and set up a time to explore your options with a San Antonio bankruptcy attorney from our law office.