An estimated 4.2 million residential properties have been foreclosed. However, since more powerful actions have not been imposed to deal directly with the crisis, the epidemic of foreclosures is growing and is now forecast to impact a much larger number of homeowners.
Housing Predictor forecasts that 10 million homeowners will be foreclosed through 2012 as more mortgage holders are unable to refinance their mortgages because of falling home values or give up at the prospect of holding on to their homes all together.
Fragmented and decentralized utility bill payment and reimbursement processes pose a disfunctional and costly method to manage these expenses for REO units. Simply paying utility bills on time is overwhelming, and many are forced to ignore the potential savings in auditing the accuracy of the bill and uncovering savings opportunities in electricity and natural gas supply aggregation in de-regulated markets!