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Press Release

Foreclosure Crisis Rears its Ugly Head Again: Foreclosure Defense Firm Reports Increase in Foreclosure Filings in First Quarter, as Banks Return to Aggressive Tactics

>PRWEB.COM Newswire

New York, NY (PRWEB) April 01, 2012

Like a monster in a horror movie that rises from the dead, the foreclosure crisis has returned to inflict even greater financial and emotional anguish upon American homeowners in virtually every state. According to foreclosure defense website StopForeclosureForms.com, there was a substantial increase in new foreclosure filings during the first quarter of 2012. The recent settlement of the rob-signing settlement, in which the banks got off remarkably easy for mishandling tens of thousands of mortgages, suggest that the trend of increased foreclosure filings will continue.

The increase in foreclosure filings is particularly severe in certain states. January foreclosure activity increased by more than 30 percent in several states, including Indiana, New Hampshire and New Jersey. Nationwide, the average increase was approximately 3%. Surprisingly, Ohio, which was one of the states most devastated by the foreclosure crisis, actually reported a decrease.

According to foreclosure defense expert Marc Rapaport, "it is abundantly clear that 2012 is going to be a year in which the banks return to aggressive foreclosure tactics. The robo-signing scandal involve egregiously unlawful and dishonest behavior. Nonetheless, the banks escaped with little more than a slap on the wrist. The result of that settlement is already emerging: more foreclosures."

Rapaport's website, StopForeclosureForms.com, is reporting that a record number of Americans are downloading foreclosure defense forms. According to Rapaport, the site is experiencing "a dramatic increase in the number of people downloading nearly every type of legal form to stop foreclosure, including answers to foreclosure complaints and motions to stop foreclosure sales." According to Rapaport, residents of many hard hit states are now keenly aware that by downloading foreclosure defense forms, they can significantly delay, and sometimes stop, the process of foreclosure. Rapaport states that "people now know that they can download forms to stop foreclosure, and file their papers with their local court, without hiring expensive lawyers. The cat is out of the bag on foreclosure defense: it can be done, even without a lawyer."

The ability of homeowners to fight back may be one of the few bright lights on the horizon as the foreclosure crisis revs up.

Read the full story at http://www.prweb.com/releases/2012/4/prweb9356720.htm

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