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Homeowners Past Due or in Foreclosure - West Palm Beach, FL

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Real Estate Agent with Keller Williams Coastal Partners

Homeowners Past Due or in Foreclosure - West Palm Beach, FL

One in seven homeowners is past due on their mortgage or in some process of foreclosure, according to the latest Mortgage Brokers Association report on home delinquencies.

The report shows that mortgage delinquencies rose during the 2nd quarter of 2010, and overall, 1 in 7 borrowers or in foreclosure. These figures are up from 1 in 8 delinquencies in 2009 and 1 in 11 back in 2008.

This data comes on the heels of a report issued last week by the State Foreclosure Prevention Working Group that shows 60% of seriously delinquent borrowers are not getting any assistance at all from their mortgage servicing company.

Click Here is view the Report:       State Report      

 For all of your real estate needs from Palm Beach Gardens to West Palm Beach, call Stephen Panczak, (561) 254-8098 at the winning team of Keller Williams Realty of the Palm Beaches. Or visit our website at www.palmbeachsteve.com for more information.