Are Foreclosures on the Rise? | McCarthy Law PLC
August 29, 2013

Are Foreclosures on the Rise?

According to, foreclosure starts are up 6% from June. Also, foreclosure filings, which include default notices, auctions and bank repossessions, increased 2% in July.  Overall, foreclosure activity in July affected almost 131,000 homes. This is 54% above the average before the 2006 housing bust.

Lastly, foreclosure starts increased in 15 states from over a year ago.

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If you home is underwater and you are struggling to make mortgage payments, contact a debt settlement attorney who can counsel you on the best option to avoid foreclosure.

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