Foreclosure starts saw a 260,000 increase from the previous month. It is expected that actual foreclosures are decreasing as the pipeline is being sold and as the economy recovers, this figure will slowly move down. Yet to see the foreclosure starts pipeline increase goes counter to everything we are hearing. What gives? There are a few reasons for this increase. We also need to explore the building side of the equation and how rents have been picking up in 2012.
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