Just when you think the housing market may be getting better, the real facts emerge. For the past 5yrs all I have seen in the news are the so-called guru's making predictions that for the most part are really just made up stories that have no real factual basis. Buy Now! are words that, when heard, should make you run for the exit. Don't get me wrong!! The American Dream is still alive and well! Which is why - If you are thinking about buying a home, or investment property, you must first. Seek out a professional who never uses those two nasty words. Otherwise, that Dream Home may just turn into a Nightmare!!
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Mortgage Delinquency Rate Climbs, Foreclosure Numbers Head Higher
Lender Processing Services (LPS) says data it’s collected through the end of June show an abrupt increase in the industry’s mortgage delinquency rate and a smaller uptick in the national foreclosure inventory.
Altogether, LPS says there are some 6,452,000 mortgages going unpaid in the United States.
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