Are you alone in this mess?
Absolutely not! As prices continue to fall, and more homes become less valuable than the principal value of their mortgages, more foreclosures are likely. That will, in turn, trigger even more distress sales, in a vicious circle.
The Mortgage Bankers Association's surveys of members suggest one out of 10 mortgages was either delinquent or in the foreclosure process at the end of September, and Moody's Economy.com estimates 12 million homeowners are "upside down" -- they owe more on their homes than their properties would fetch in today's market.
Give me a call today - let's explore your options together!
The Mortgage Bankers Association's surveys of members suggest one out of 10 mortgages was either delinquent or in the foreclosure process at the end of September, and Moody's Economy.com estimates 12 million homeowners are "upside down" -- they owe more on their homes than their properties would fetch in today's market.
Give me a call today - let's explore your options together!
Posted by Palm Beach Foreclosure Help at 1/28/2009 11:00 AM 
Categories: foreclosure
Tags: bank short sale CDPE mortgage foreclosure
Categories: foreclosure
Tags: bank short sale CDPE mortgage foreclosure
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