2012 Real Estate Predictions / 2012,The Year Of The REO

1 Million Foreclosures Delayed Until 2012 An estimated 1 million foreclosure-related notices for defaults,auctions,and home repossessions that should be filed by lenders this year will be pushed back until next year,according to the latest report by RealtyTrac.

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Foreclosure Effect On Credit | Foreclosure Black-List You From Ever Owning Again?

Freddie Mac has released a series of (excellent) videos designed to de-bunk the top Foreclosure Myths. Myth 1:If my house is foreclosed,I can never buy a house again — the foreclosure will stay on my record forever. Truth 1:Foreclosure can have a devastating effect on your finances and you personally,but you can recover. Use the time after foreclosure to prepare yourself for successful homeownership the second time around by creating a spending and savings plan and rebuilding your credit.

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