According to recent real estate data, the number of foreclosed properties in the U.S. increased in January, Business Insider stated on February 12.
In data released by RealtyTrac, last month’s foreclosure rate increased by 5 percent, making it to the highest in the last 15 months. The total of houses that completed foreclosure in January reached 37,292. There were 51,782 houses last month heading for foreclosure auctions. On the other hand, there were 119,888 houses in January in different stages of foreclosure proceedings. RealtyTrac’s Vice President Daren Blomquist said there will be an increase of foreclosure filings in the upcoming months as lenders are going to boost “spring cleaning” in most states.
If your home is being threatened by foreclosure, getting help from a skilled lawyer could be critical to saving your home. Call the experienced legal team of Hong Law, PLC, at (319) 294-5853 today to learn more about your legal options to defend your home.
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