Team Thayer Property Servicing

Non-foreclosure solutions continued to outpace completed foreclosures by a rate of approximately five to one in April while serious delinquencies continued their steady decline, according to  data released on Wednesday  by  HOPE NOW , an industry-created private sector alliance of mortgage servicers, investors, counselors, and other mortgage market participants. The number of non-foreclosure solutions, which include loan modifications, short sales, deeds-in-lieu of foreclosure, or other workout plans) completed by the industry totaled 153,000 for April, compared to 32,000 completed foreclosure sales during the month, according to HOPE NOW. April's total of non-foreclosure solutions represented a slight increase over the monthly average for the first quarter (148,000). April's total of foreclosure sales was unchanged from the Q1 three-month average of 32,000. "HOPE NOW continues to see declines in overall serious delinquencies each month," HOPE NOW executive d...