Tuesday, November 17, 2015

Foreclosures Coming Back

Home foreclosures in America peaked at more than a million in 2010, as the aftereffects of the housing bubble and the recession cost a lot of people their houses. The numbers dropped sharply from there, though, sinking to 327,000 total in 2014.

But in a somewhat alarming development, they're on their way back up. According to real estate data tracker RealtyTrac, lenders are on a pace to foreclose on 445,000 homes this year. That's a whopping 36 percent increase over last year.

Part of that is lingering foreclosure cases that never got settled after the housing bubble burst. But it also shows that many homeowners are still unable to keep up with their mortgage payments.

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