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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Foreclosures Dropped in August


There was a drop in foreclosures from August to September by a total of 6%. There has been a 38% decline rate of foreclosures since September 2010. There has been talk that foreclosures are going to increase in the upcoming months.  A homeowner facing foreclosure from start to finish usually takes 366 days. However, in New York the average time it took to complete the foreclosure process was 986 days and in New Jersey it takes 974 days.  Texas has the fastest time with an average of 86 days from start to finish.