Foreclosure numbers down but may rise

March 15, 2012 6:21:40 PM PDT
The number of homes entering foreclosure dropped again in February, but the numbers may be going right back up again.

Figures show foreclosures were down 8 percent in February and they had already dropped 19 percent in January. But now more homeowners will be getting hit. Ironically, it's all because of the $26 billion settlement that will be paid by the five big banks.

The money will help struggling homeowners, but the settlement also clarifies how foreclosures must be handled. So now, banks are speeding ahead on foreclosures that had been put on hold.


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