News continues to worsen for the housing marketing as the Mortgage Banker’s Association released 1st quarter data. The total number of homes now in foreclosure is estimated to be about 1.1 million. Additionally, it’s the sixth straight quarter in which a record percentage of loans went into foreclosure.
In an article published at cnn.com, it’s stated that the crisis will get worse before it gets better, especially in Florida and California.
The news isn’t surprising, but certainly continues to highlight the need for homeowners to find resolutions that avoid foreclosure.
Related posts: