It looks now as though 2010 will be the high water mark for foreclosures. The New Hampshire Housing Finance Authority predicts 2011 will see a slight improvement over last year.
Jane Law with New Hampshire Housing says she’s truly glad the state is unlikely to match the level seen in 2010.
“When you look at the foreclosure notices, the foreclosure deeds. All of it seems to be trending down.”
About 300 owners lost their homes in September. That’s 8% less than a year ago. Until now, New Hampshire Housing has been reluctant to forecast how the year will end up. But with just three months left, it now expects to see about 3600 in 2011.
That’s close to the total in 2008. However, in normal times, the state might see just 500 foreclosures a year.