Foreclosure Crisis May Be At An End

The foreclosure crisis has come to an end according to Daren Blomquist, vice president of RealtyTrac and speaker at the 2013 REOCON Summit and Expo held in Dallas, Texas. Blomquist commented on REO starts and completions saying that approximately 10 million REO starts and 5 million REO completions took place from 2006 to 2012. Foreclosure rates began drastically decreasing in 2010 after the robo-signing controversy and REO properties began to fade while short sales grew. More here

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