Did you know that tax refunds could save homes in foreclosure?

Tax refunds could save 300K homes in foreclosure

• “Unsurprisingly, incentive played a big role in this timing: not only were Americans who filed early more likely to receive a refundthan those filing later, but they also received larger refunds on average.” Graboske says that “mortgage cures” – delinquent borrowers who bring themselves back to current status – spike in February and March as well, “suggesting that some portion of Americans are using their tax refunds to make past-due payments on their mortgages.” According to Graboske, nearly 300,000 borrowers in recent years, on average, make their loans current in February and March alone, on top of normal cure volumes for the typical month.

Source: Florida Realtor