Tuesday, July 27, 2010

Mortgage Delinquency Rates?

As of July 1st 9.39% of mortgages are past due and 3.72% are in some stage of Foreclosure.  How does this measure up to history?  2007: 1% of all mortgages ended in foreclosure that year and this was twice as high as in 2006 (.5%).

Will there be more foreclosed homes coming on the market?  YES!  Will there be more great buys of short sale and Bank Owned Properties (REO's)?  YES!

Call your favorite Realtor today and talk to them about buying a home in this great market!  If you don't have a favorite Realtor, call me and I will refer you to a Realtor who will take PERFECT care of your Real Estate needs!

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