Today, Treasury Secretary Henry Paulson, with the support of President George W. Bush, unveiled a plan to aid some of the mortgage holders survive the jump in their ARM mortgages.
To qualify under the bailout,
The loan must have been issued sometime between Jan. 1, 2005 and July 31, 2007
Tags: Foreclosure Information · Foreclosure Statistics · Mortgage Legislation
The number of foreclosures jumped to 223,538 in September, 99% higher than the number last year, though down 8% from August, according to RealtyTrac, which compiles housing data. California had the largest number of foreclosures, with 51,259, and Florida was second, with 33,354.
With statistics like that lenders are becoming more flexible in their negotiations with […]
Tags: Foreclosure Information · Foreclosure Statistics