Foreclosures spike: All they want for Christmas is their homes

Screen Shot 2015-11-12 at 9.03.34 AMBy Diana Olick | CNBC

It is possibly the nastiest consequence of the holiday season. Foreclosures rise now, as banks try to get ahead of the traditional December moratoriums, when they suspend all foreclosures due to the holidays.

No lender wants to take a house back during the holidays, but it appears to be particularly bad now for a number of reasons.

Continued:

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