Foreclosure sales hit lowest point since 2007

By Trey Garrison | HousingWire

About 468,000 homeowners received non-foreclosure solutions from mortgage servicers in July, August and September, according to the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors known as Hope Now.

Permanent loan modifications totaled about 109,000 and short sales totaled 30,000.

Other solutions, including repayment plans, deeds in lieu, other retention plans and liquidation plans, made up the rest of the total number.

Continued:

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November 20, 2014

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