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Loan Mods Still Outpacing Foreclosure Sales

08/12/2011 by Robin Carbone - Principal Broker

Inman.com
Fore­clo­sure starts rebound­ed in May and June after falling sharply in April, but loan mod­i­fi­ca­tions con­tin­ued to out­pace fore­clo­sure sales dur­ing the sec­ond quar­ter, accord­ing to the lat­est report from loan ser­vicers par­tic­i­pat­ing in the "Hope Now" pro­gram.