Foreclosure filings across the nation in the first half of 2011 are down 29 percent from the same period last year, but not because the housing market is healing, says a national real estate tracking firm.
“Unfortunately, with unemployment rates inching back up, consumer confidence weak and home sales and prices continuing to languish, this doesn't appear to be the case," Saccacio said, adding that paperwork delays were the main reason for the drop. "We estimate that as many as 1 million foreclosure actions that should have taken place in 2011 will now happen in 2012 or perhaps even later."
Read the rest of the article at the Atlanta Journal-Constitution
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