By Dan Levy and Prashant Gopal - Jan 13, 2011 12:00 AM GMT-0500
The number of U.S. homes receiving a foreclosure filing will climb about 20 percent in 2011, reaching a peak for the housing crisis, as unemployment remains high and banks resume seizures after a slowdown, RealtyTrac Inc. said.
"We will peak in foreclosures and probably bottom out in pricing, and that’s what we need to do in order to begin the recovery," Rick Sharga, RealtyTrac’s senior vice president, said in an interview at Bloomberg headquarters in New York. "But it’s probably not going to feel good in the process."...
http://www.bloomberg.com/news/2011-01-13/u-s-foreclosure-filings-may-jump-20-this-year-as-crisis-peaks.html
The number of U.S. homes receiving a foreclosure filing will climb about 20 percent in 2011, reaching a peak for the housing crisis, as unemployment remains high and banks resume seizures after a slowdown, RealtyTrac Inc. said.
"We will peak in foreclosures and probably bottom out in pricing, and that’s what we need to do in order to begin the recovery," Rick Sharga, RealtyTrac’s senior vice president, said in an interview at Bloomberg headquarters in New York. "But it’s probably not going to feel good in the process."...
http://www.bloomberg.com/news/2011-01-13/u-s-foreclosure-filings-may-jump-20-this-year-as-crisis-peaks.html
