{"id":28859,"date":"2012-04-15T12:50:01","date_gmt":"2012-04-15T16:50:01","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=28859"},"modified":"2012-04-15T12:50:01","modified_gmt":"2012-04-15T16:50:01","slug":"foreclosures-to-hit-the-housing-market","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/04\/15\/foreclosures-to-hit-the-housing-market\/","title":{"rendered":"Foreclosures to Hit the Housing Market"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v467d0b48921b22d6b0cd4726d3e08e855f2dd846&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v467d0b48921b22d6b0cd4726d3e08e855f2dd846&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>A flood of foreclosures is about to hit the housing market. Thegolden age for foreclosure squatters is over. That&#8217;s now that a $26billion dollar mortgage settlement has been approved.The settlement, agreed to by the nation&#8217;s five largest mortgagelenders, is expected to speed up the foreclosure process. It willprovide stricter guidelines for banks to follow, when repossessinghomes, which will kick a lot of foreclosures out of limbo- since fall2010 &#8211; following the so-called robo-signing scandal &#8211; that whenbanks signed off on thousands of foreclosure documents a month withminimal verification. In some states, delinquent borrowers have been squatting in theirhomes for years. In Florida, the average time was 861 days, and in NewYork it was 1,056 days &#8212; close to three years. But that&#8217;s all aboutto change. We&#8217;re going to see an increase in the speed offoreclosures and a higher number of foreclosure starts.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/04\/15\/1_7qdif4id_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/04\/15\/1_7qdif4id_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A flood of foreclosures is about to hit the housing market. Thegolden age for foreclosure squatters is over. That&#8217;s now that a $26billion dollar mortgage settlement has been approved.The settlement, agreed to by the nation&#8217;s five largest mortgagelenders, is expected to speed up the foreclosure process. It willprovide stricter guidelines for banks to follow, when &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/04\/15\/foreclosures-to-hit-the-housing-market\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Foreclosures to Hit the Housing Market&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-28859","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=28859"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28859\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=28859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=28859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=28859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}