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With the volatile real estate market changes, there are many reasons cited for the market’s moves.  Flipping, or the buying, fixing and selling of a property at a higher price can also be cited as a reason for market changes, and has been noted as one cause of an increase in foreclosures.

The Mortgage Bankers Association has studied the numbers, and stated that non-owner occupied housings are seeing an increase in defaults.  So, an increased number of foreclosures can include borrowers who purchased homes for repair, and found themselves unable to sell once the repairs were complete.  Others may have purchased, rehabbed, and refinanced their property at a higher price, and then found themselves again, stuck holding a property they could not afford.

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