2012-12-20mortgagenewsdaily.com

``The authors estimate that 12 million homes went into foreclosure between January 2007 and June 2012, doubling and sometimes tripling the historic foreclosure rate during any given previous quarter. Millions of homes that started the process have not yet completed it. CRL estimates that 3.3 million of owner-occupied loans originated between 2004 and 2008 completed the foreclosure process as of February 2012, with an additional 3.2 million of these loans 60 days or more delinquent or in some stage of the foreclosure.''


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