Foreclosures in Delaware - How Bad Really? - 04/16/08 11:21 AM
The headlines grabbed you.  "Foreclosure activity in March increases 5% over February and 57% over March of 2007!"
The reality?  Most of the foreclosure activity is taking place in Nevada, California, and Florida.  These are the states that had the fastest increase in home prices and the highest use of both Subprime loans and Option ARM loans, both made at very high loan to values.
How's Delaware doing?  Delaware ranks 34th in foreclosure activity among the 50 states and most of that activity is concentrated in the Wilmington area.  There were 192 foreclosure filings in Delaware in March according to RealtyTrac.  This includes about 140 … (1 comments)

 
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Jeff Baxter

Bethany Beach, DE

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Prosperity Mortgage

Address: 33298 S. Coastal Highway, Bethany Beach, DE, 19930

Office Phone: (302) 537-5076

Cell Phone: (302) 602-1067

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Thoughts on the mortgage market and the Delaware Beach (Bethany Beach, Rehoboth Beach, Fenwick Island, Dewey Beach, and Lewes).


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