NeWS to KnOW

In the first half of 2011, foreclosure rates have fallen in more than 84% of U.S. metro areas according to RealtyTrac.  These numbers can be misleading though as most of these markets are not seeing the recovery they would like in the real estate sector.

What the numbers do tell us is that the foreclosure pipelines in these cities continue to be clogged as the banks follow all the proper protocols with foreclosure paperwork, delaying many foreclosure filings.  This can help homeowners as they are getting a little more time to get their finances in order and hopefully figure out a plan to pay their mortgage.