CR noted here this morning that national foreclosure filings are increasing, making it 6.08 million loans delinquent or in foreclosure in January.
Sure enough, the San Diego County foreclosure filings are on the rise too:
You can’t blame the HARP 2.0 refinance program, because it requires that borrowers have been current over the last six months.
It’s just more people pushing the banks to do something to end their free-rent package, otherwise they’ll ride forever. See this story about people who haven’t paid for five years!