Some Recent Statistics

Posted on 31. May, 2009 by ctlms in Short Sale, foreclosure

Here are some of the recent headlines in the pre-foreclosure industry.

Connecticut Foreclosures Set New Record. As of Mar. 31, the state had 28,285 home mortgages either in foreclosure or 90 days past due.  Job loss is now the leading cause of new delinquencies.  And we haven't even gotten to the Alt A loan rate hikes yet.  There will be more to come.

Nationally 12.07 percent of mortgages were delinquent or in foreclosure during the first quarter, according to a survey by the Mortgage Bankers Association.

Nar estimated earlier this year that over 50% of all real estate transactions nationwide in 2009 will be short sales or REOs.

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