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MORE FORECLOSURES COMING DOWN THE PIKE?

By Mark L. Ostrovsky

Real Estate Agent with Howard Hanna Real Estate Services

February 17, 2010 03:20 AM

Just when some were saying that the mortgage finance crisis was showing signs of slowing down, mortgage loan delinquencies have apparently climbed for the 12th straight quarter in a row. This according to the credit reporting agency TransUnion.

MORE FORECLOSURES?

The fourth quarter of 2009 has reportedly increased 10.24-percent from 6.25; the previous quarter's average. Mortgage delinquencies are of course considered to be a sign of prospective foreclosures. Mortgage delinquencies were highest in Nevada and Florida.

For more on this story: http://ecreditdaily.com/2010/02/transunion-mortgage-delinquencies-high-4q/

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Halina Kraszewski

RE/MAX Suburban, Mount Prospect, Cook County, IL - Mount Prospect, IL

Polish Speaking Real Estate Broker Agent

Mark and Elly: We are not out of the woods yet and it will take a LOOOOONG time before things return to normal (whatever the "normal" will be in the future).

Feb 17, 2010 03:32 AM

Christopher Watters

Watters International Realty - Austin, TX

Austin Realtor (512-829-8000)

That is a pretty interesting stat. I expected them to be going on the decline. Hopefully first quarter of 2010 will look good better, with employment rate improving and all.

Feb 18, 2010 11:15 PM

MORE FORECLOSURES COMING DOWN THE PIKE?

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Mark L. Ostrovsky

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