As of August, approximately 680,000 homeowners who applied to get their mortgage payments lowered, or about 51 percent, have been disqualified, the Treasury Department said yesterday. That's up from about 48 percent in July.
About 2.5 million homes have been lost to foreclosure since the recession started in December 2007, according to RealtyTrac Inc. And another 3.3 million homes could be lost to foreclosure or distressed sale over the next four years, according to Moody's Analytics.
Source: Boston.com/AP Borrowers leaving foreclosure-relief program
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Dawn Barrier SHORT SALE SPECIALIST,CSP® Las Vegas Short Sale Realtor®
Century 21 Realtor® My website: www.LasVegasDawn.com
SHORT SALE Information for Sellers
I am a Las Vegas REALTOR® I specialize in residential real estate, single family homes, Short Sales, Preforeclosures in the Las Vegas area.
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Blog Disclaimer-This is a personal blog. All information is provided for informational purposes only and is Not legal advice, consult an attorney or financial expert for legal advice. This is general information and is not intended to provide advice on any specific question or transaction. Parties to any real estate transaction should seek competent legal and/or tax counsel to determine the legal, credit and tax consequences of buying or selling a home. Copyright © 2010, 2009 Dawn Barrier. All Rights Reserved. Any Stats are per the GLVAR MLS as of this writing.
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