After a lull in 2011, foreclosure activity is expected to increase in 2012.
Banks held off on foreclosures as they sorted out the robo-signing scandal in 2011, but a settlement with the states earlier this year means they've largely put that issue behind them. As a result, they're back at it and going after borrowers who fall behind.
So far, increases can be seen in just a few areas. Housing experts believe that the banks are just ramping back up, and homeowners across the nation should expect to see more foreclosures.
What does all this mean to you? If you're looking to buy or sell, consider what might happen if foreclosures increase in your area (you probably can't really time anything, but it's worth knowing what's happening). If you're having trouble with your mortgage, get help from a HUD approved counselor before things get worse and your options start to dry up.