The shortrnsales completed in January brought the total accomplished by HOPE NOW to approximately 1,182,283 since December 2009. </p

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Measures of distress in the marketrnare all declining.  Completedrnforeclosures sales in January numbered 60,412 compared to 78,734 in Januaryrn2012 and foreclosure starts declined 30 percent from one year earlier torn140,482 from 200,447.  Loans that wererndelinquent for 60 days or more numbered 2.53 million in January 2013 comparedrnto 2.77 million in January 2012, a decline of almost 9 percent. </p

Eric Selk, Executive Director ofrnHOPE NOW said, “Delinquencies and foreclosure sales have gone downrnsignificantly, compared to the same period last year, and that is a testamentrnto the hard work of the industry, aggressive borrower outreach, betterrnfinancial counseling and the multitude of options available borrowers. HOPErnNOW, along with its government and industry partners, has fine-tuned itsrnborrower outreach efforts, to target markets and population segments thatrnbenefit the most from the wide range of mortgage services offered. </p

HOPE NOW said it has already heldrnface-to-face events in two hard hit markets so far this year as well as arnspecial event in New Jersey for victims of Hurricane Sandy.   

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