Real Estate Quote: Foreclosure holiday reprieve?

December 19, 2007 in Foreclosure News, Real Estate Quote by Foreclosure.com1 comment

Foreclosure reprieve?

“Most lenders are less aggressive at this point for the holidays. And each lender is dependent on an attorney to do the filing for them. And of course, this is the time of year people are taking vacation…. [However], It’s going to get worse before it gets better.”

– Foreclosure.com Director of REO, Glen Daniels, shares some insight with Business Week on a possible reason for the dip in foreclosure filings as 2007 nears its end. Daniels is quick to point out that it may not signal a positive trend. In fact, it could have more to do with the holiday season than a decrease in actual loan defaults.

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December 30, 2007 at 4:47 pm

Brett Wilson

Brett Wilson’s avatar

Absolutely dead on! We always plan and tell our clients to expect a slow down during the holiday season. But come the 2nd week in January things ramp up big time so everyone needs to be prepared!

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