Foreclosures are UP and Back in the Headlines Again | Mandelman Matters

``Up by 50 percent over last year.  Did any of this actually surprise anyone at RealtyTrac or anywhere else for that matter?  How is that even possible?  It sure as heck didn't even come close to surprising me, as my readers know. The story also brought up that a significant number of the homeowners who were granted loan modifications in 2010 are now facing rate resets... because their interest rates were only reduced for five years... and the Treasury Department has warned that could cause further defaults.  Boy, those guys at the Treasury Department are wicked insightful, aren't they? ''