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Wave of Deferred Bank Repossessions Expected in 2012

NEW YORK, N.Y. /New York Netwire/ -- According to Bank Owned Properties, some 600,000 properties in the U.S. are reported to begin the foreclosure process as the foreclosure industry begins to function more normally.

Foreclosure Follows Unemployment in Alabama and Georgia this year, says BankOwnedProperties.org

NEW YORK, N.Y. /New York Netwire/ -- Bank Owned Properties reports that Alabama and Georgia showed a drop in bank foreclosures in March of 2011 but then spiked upwards in April and continues to grow in both states. Behind this activity is the cumulative effect of foreclosure processing delays which masked the reality of the foreclosure effect.
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New York Foreclosures Rise While New Jersey Drops

NEW YORK, N.Y., June 7, 2011 /New York Netwire/ -- In some of the top cities in United States the underlying unemployment problem shows...