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ISSUE: Foreclosures increase in 2012
OUR VIEW: Buyers, lenders need workable solutions
This year, foreclosures on Hardin County properties are expected to climb to as many as 400, up from 216 last year.
That’s not necessarily an indication that mortgage defaults are up in 2012. Rather, holds on foreclosures and a moratorium in some instances because of lenders’ and mortgage servicers’ documentation problems kept the number of foreclosures artificially low in 2011.
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