MORE FORECLOSURES COMING DOWN THE PIKE?

By
Real Estate Agent with Howard Hanna Real Estate Services

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/

 

Posted by

Mark & Elly Ostrovsky

Howard Hanna Smythe Cramer

Cellular: 216.577.1156

EMail: EllyandMark@GMail.Com

Website: http://MarkOstrovsky.Com

 

Mark is a licensed attorney in Ohio & in Massachusetts and works with his wife Elly in residential real estate representing buyers and sellers in Cleveland, Ohio's Eastern suburbs. You can search for homes on their website:

FIND A HOME: http://markostrovsky.com/

 

 

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Rainer
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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 #1
Rainmaker
773,997
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 #2
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Rainer
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Mark L. Ostrovsky

Howard Hanna Real Estate Services
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