Bank RePo Filings Increase - Homeowners Get Rude Awakening

Important Housing Market Intel: As I am constantly talking to Homeowners, Buyers, Investors, Sellers, etc., I am able to get a good pulse as to what is going on in the Housing Market. Much to my surprise, Homeowners that are in the Foreclosure process, or even facing an imminent Foreclosure Auction Sale do not seem to be taking the process, and the potential outcome, very seriously. This seems to be as a result of a number of factors: first, the belief that the Housing Market and prices are going to continue to rise. Second, the fact that the homeowners have received incorrect advice or misinformation regarding the Foreclosure process and their options/solutions (or lack thereof). And finally, many think that there still is some sort of protection provided by the government (moratorium) or that their Bank or Lender will simply cancel the sale for them. It is clear that many people have gotten use to stimulus and other handouts and they expect that those items will continue and bail them out. This is where the homeowners are mistaken and they are waiting far too long to take action to figure out a viable solution to their Foreclosure issues, thus increasing the chance that they will lose their home at the Auction (with no upside).