Kathy Deck, director of the Center for Business and Economic Research at the University of Arkansas, said she expects a high number of foreclosures to remain with us through at least part of 2012.
Deck knows what she’s talking about so we at the Arkansas Realtors Association (ARA) get concerned when we here such projections. Foreclosures, as far as Realtors are concerned, lead to all manner of bad things.
There is, of course, the human element to consider — when we see foreclosure statistics tossed around by commentators and analysts, it’s important to remember that each home lost means there’s an individual or (typically) a family going through a rough time. From a public policy standpoint, then, everyone from banks to homeowners love to see alternatives to foreclosures.
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