According to latest data from LPS [Lender Processing Services] the total number of distressed loans in just floating out there is over 7 MILLION. So, everyone celebrating piece meal reports about delinquency decreases, increased pending home sales, and foreclosure inventories…hold your horses. Stabilization is not here yet.
Posts Tagged ‘mortgages’
7m Distressed Loans!
admin
Jun 8
|14:25
4.3 Million Short Sale Listings
admin
May 20
|14:42
Nearly 8% of all mortgage holders in the U.S. are at a serious risk of losing their homes and 14% are at some stage of delinquency, according to the Mortgage Bankers Association. That means that nearly 4.3 million homeowners may need to short sale. These homeowners are either in foreclosure or are at least 3 payments behind. If they can’t modify quick they may need a trained real estate professional, like you.
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