The Top 10 States With the Most Foreclosures...
Posted in the Banking Forum
#1 Jul 13, 2014
Read this: The Top 10 States With the Most Foreclosures
By Matthew Frankel | More Articles | Save For Later
July 13, 2014 | Comments (0)
According to the latest foreclosure prevention report by the Federal Housing Finance Administration, there are more than 1.1 million home loans in some stage of delinquency. More than 600,000 of these are "seriously delinquent", which means they are 90 days past due or worse.
And remember, this only includes those loans owned by either Fannie Mae or Freddie Mac. There are currently about 145,000 foreclosed homes on the market, and it looks like more will be coming.
My Take: A major shift in American Culture and Spending Habits is necessary to revert this incoming Crisis!!!
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