A recent article in the New York Times states that foreclosure rates are falling, however delinquency’s are on the rise: See this link regarding home foreclosures.
Even though the foreclosure rates are falling, that does not mean the economy has recovered. If people are delinquent on their mortgage payments, it is only a matter of time before foreclosures are on the rise once again. It may be some time before foreclosure rates begin to fall.
If you have additional questions please visit our Seattle Bankruptcy Lawyer homepage to speak to a Washington state bankruptcy attorney.