Self-Evident Truth in Market Variables: Longer Foreclosure Timelines

Self-Evident Truth in Market Variables: Longer Foreclosure Timelines

DSNews

“Between government intervention, internal issues within the banks, and even simple deviations like the number of days in the month, it is easy to come to the wrong conclusions about foreclosure activity,” said Sean OToole, CEO and founder of ForeclosureRadar.“The one thing that remains clear is that while the process has slowed, there remains no consensus on a viable solution other than foreclosure to eliminate the excess mortgage debt that has left millions underwater and continues to hinder the broader economy,” OToole said.

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