Increase in mortgage foreclosure problems

Applications by 35 percent in the first quarter, Detroit and Las Vegas punished.
In the isolation of applications rose in the first quarter of 2007, growth in house prices has slowed or even reversed and borrowers behind on payments after their adjustable rates were much higher levels.

The number of applications rose from 27 percent in the first quarter compared to fourth quarter 2006 and 35 percent a year earlier, according to a report published Wednesday, RealtyTrac, an interactive marketing insulation properties.

There were more than 430000 requests for waivers on the national level, one for every 264 households. The presentation contains everything from standard auction notices notice actual bank repossessions.

Nevada, the highest rate of foreclosure - it was one of 75 households. In Las Vegas there is a boom in speculative investment in real estate in Red Hot Housing Market in 2004 and 2005, as prices dropped, the speculators badly beaten.

Colorado became the second largest share of alienation with the submission of all 111 households.

The state has always been one of the most important objects in isolation, a situation that some attribute in the Wild West, most of the unregulated mortgage industry before the new law, which came into force last year, registration of agents with the state. Many homeowners saddled with unaffordable loans in recent years.

Numerically, California, had more applications than any other State, 80595. Which accounts for nearly one-fifth of the mortgages in the United States and more than twice as much a year ago.

Flor was premature 45,156, 52 percent for the quarter and 55 percent more than last year.

Among cities, Detroit hammered more. 16,351 mortgage loans were taken during the quarter, one for all 51 households, five times the national average. Vegas is second with 57 percent of households.

California, three cities were also hard hit. Riverside / San Bernardino, Sacramento, Stockton, and the third, fourth and fifth place.

Mortgage is expected that over the years, as many of the large number of adjustable rate mortgages written in 2004 and 2005, according to their first reset, if interest rates could rise by three percentage points or more.

Restoration can only be completely unaffordable loans available to borrowers, as they do not comply.

Many homeowners - some state consumer advocates about 2.4 million people - are in jeopardy of losing their homes over the next two years. Home Security

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