Nationwide, 12.6 percent of home loans were delinquent (at least one payment past due) or already in foreclosure at the end of the third quarter, according to the Mortgage Bankers Association.
That equates to more than 6 million distressed homes; however, not every home loan that is delinquent will end up in foreclosure. In fact, the number of delinquent home loans declined by nearly 8 percent in the third quarter.
In October 2011, foreclosed or short-sale homes made up 28 percent of U.S. existing home sales, the National Association of Realtors recently reported.
Find Foreclosed and Short-sale Home Listings In Massachusetts
Thanx to sharing this notes.It's really informative for me about home loans.
Posted by: Buy to Let Mortgages | December 14, 2011 at 07:20 AM
Great post! My husband and I have been looking at houses in New Jersey and I am shocked at the amount of homes that we've looked at (in a relatively affordable neighborhood too!) that are in foreclosure. I'm a little surprised...and you would think that with so many foreclosures around that the banks would make the process a little easier in the hopes to get rid of them! But no, they make you wait and wait and wait around some more! Thanks for the info
Posted by: Foreclosed Homes in NJ | January 03, 2012 at 10:00 AM
I really enjoy your blog.It really help full in home loans and i knew a howmany percentage delinquent on home page.
Posted by: steel building | January 07, 2012 at 12:15 AM
Nice read, I just passed this onto a colleague who was doing some research on that.
Andy
Posted by: philippine real estate | January 18, 2012 at 12:08 AM