Tag foreclosure

Home delinquency rate. One in 7 homeowners

The reason for the foreclosures is mainly due to extended unemployment rather than onerous subprime mortgages. Many of the defaults are with prime fixed-rate mortgages by people with good credit. Some of them may well be underwater on the home…

About that foreclosure suicide

Tanta at Calculated Risk does some digging, and wonders why mainstream media missed important facts, like why the cop said (with no proof) that the couple must have had an adjustable rate mortgage, why the husband said he had no…

Foreclosures hit the military

Foreclosures within 10 miles of military facilities in the US are four times higher than than in other areas. “Think about how much stress comes with a foreclosure, and then imagine you’re walking the same tightrope while being employed in…