THE FORECLOSURE BALANCING ACT
8% OF HOME MORTGAGES ARE DELINQUENT
April 14, 2008 - Over 405,000 homeowners lost their home in 2007 – a whopping 57% increase over 2006. More staggering yet, over 1% of all U.S. homeowners were in some stage of foreclosure during 2007. And as recently as February, one in every 557 households in the U.S. received a foreclosure notice during the month.
Is there a way out of this dilemma?
Absolutely, and it affords a tremendous opportunity for all parties – arrange a Short Sale.
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