Mortgage Foreclosure & Refinance Resource

Here a few more more points on the mortgage bailout as found from other sources on the web:

Bailout in a finance term used to describe a situation where a bankrupt or nearly bankrupt entity, such as a corporation or a bank, is given liquid funds, in order to meet its short term obligations. Often bail [...]

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More U.S. homeowners fell behind on mortgage payments or even lost their homes last month compared to a year ago, with Nevada, California, Florida and Ohio posting the highest foreclosure rates, a mortgage research company said Thursday.A total of 224,451 foreclosure filings were reported in October, up 94 percent from 115,568 in the same month [...]

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By the end of 2008, 2 million home mortgage foreclosures are predicted with the loss in real estate value expected to top $3 billion.
Recordnet.com
Treasury Secretary Henry M. Paulson Jr. recently said there could be more than 1 million foreclosure proceedings started this year, with 620,000 of them dealing with sub-prime loans made to people with [...]

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