If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closi...

12/17/2009

Mortgage Deliquencies Update National Mortgage Deliquencies 3rd Quarter-2009

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Here are the National foreclosure & default numbers according to the Mortgage Bankers Association for the 3rd quarter of 2009. Mortgage Deliquencies - National Numbers Quarter 3 - 2009 All Mortgages: 4.38% in Foreclosure 9.94% in Default (30+ days late) 14.32% Total in default Prime Mortgages...

12/10/2009