Real estate foreclosures in the U.S. declined 10% last month, but an increase might be on the way as alternatives to foreclosure are abandoned or fall through, said data provider RealtyTrac. "If history repeats itself, we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans where neither the existing loan-modification programs or the new short sale and deed-in-lieu of foreclosure alternatives works," said James Saccacio, the company's CEO.

Full Story:

Related Summaries