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Loan Modification Dropouts Mean More Foreclosure Houses

 


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According to the Treasury Department of the United States of America the number of people who are dropping out of the President’s loan modification program is outpacing new arrivals. According to statistics that were released on Friday, almost 700,000 of the 1.3 million loan modifications that had been started were canceled. That will most certainly mean more foreclosure houses on the market in the near future.

This has a lot of experts in the field predicting the number of foreclosure houses will remain constant or even rise over the next short while. Even though the government has said the loan modification program would be instrumental in helping over four million people stay in their houses, the July statistics report that the number of foreclosure houses continues to mount.

Even the number of foreclosure completions has been rising steadily as the number of cases work their way through the system. All this means there is more opportunity than ever before to get involved and buy yourself one of the foreclosure houses on the market.

It is important that you take advantage of modern technology and have a good look at all the listings nationwide on ForeclosureConnections.com. Here is the place that has over a decade of experience in the foreclosure real estate industry. Their team strives to use a network of professionals to criss cross the nation looking for the most up-to-date information on foreclosure houses.

It is important to keep on top of all the recent developments when you are looking to get involved and if you need to know if the team that you have on your side has the most experience and the kind of credentials that will help you to your end goal.

Remember that as each of the loan modification fails, the glut of foreclosure houses on the market grows and while 37,000 people received a loan modification in July, which number was drastically dropped down from 51,000 in June.

Andrew Jones is an author with great knowledge of foreclosure houses. He has several years of experience in writing about real estate. For more information on foreclosure houses please visit ForeclosureConnections.com.

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