 |
|
|
|
www.Refinance-Internet.com - Refinance Rates, Refinance Programs, Refinance Payments
|
|
| |
| Mortgage News Articles |
| |
Foreclosure Activity Up and Mortgage Defaults To Rise |
|
While we have paid close attention to rates, fraud, and 'The Housing Bubble' all is not necessarily well in other parts of the mortgage world. According to RealtyTrac, a foreclosure online site out of Irvine, California, there has been a 25 percent increase in foreclosure activity in the last year. The site's Foreclosure Market Report states the nearly 850,000 properties entered some state of foreclosure last year - up 25 percent from the previous year. These figures are based on a database of over 1/2 million properties in 2000 counties nationwide.
|
|
Publish Date: 01/25/2006
|
| |
|
|