RealtyTrac SVP Discusses Slowdown in Foreclosures on Bloomberg

RealtyTrac SVP Rick Sharga tells Bloomberg News that even though the pace of foreclosure activity has noticeably slowed nationally, it is only a little good news given that foreclosures have totaled over 300,000 per month over the past 12 months. External factors - such as government programs and weather problems in the northeast - may be keeping the level lower than they might otherwise be.

Government programs in particular are delaying the process with some properties that will eventually go into foreclosure anyway. RealtyTrac is anticipating by end of year we will see the slowest rate of growth in foreclosures we've seen in four years.

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News & Politics

Tags:

• RealtyTrac
• Sharga
• foreclosures
• government programs