In Case You Missed It: RI’s Foreclosure Crisis Far From Over

Saturday, July 27, 2013

GoLocalProv News Team

"In Case You Missed It," GoLocal's Saturday feature, puts the week's top stories in one easy place for you to review and read. Check out what dominated the news cycle this week in Rhode Island and get all the details with these easy links.

View Larger +

Dean Starkman's first GoLocal piece ran this week -- focusing on the state of foreclosures in the state. Click on the link to the story to read more.

Rhode Island's Foreclosure Crisis Far From Over

And you thought the mortgage crisis was over, Rhode Island? Um, no.

The latest numbers, obtained by GoLocalProv from Rhode Island Housing, the state housing agency, show new foreclosures actually ticking up slightly in the first three months of 2013, the latest data available, adding to the pipeline of foreclosure to come.

GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST

Meanwhile, the number of mortgage delinquencies—the prelude to foreclosure—is projected to rise for the rest of the year before finally dropping off. A real recovery? That’s two years away. Normalcy in the housing sector? Come back in 2018.

Read full article HERE.

Enjoy this post? Share it with others.