June Foreclosure Filings Up 53% From 2007

July 14, 2008 · Filed Under Economic Impact of Foreclosures, Mortgage Default, US Foreclosure Statistics · Comment 

Home foreclosure filings are up 53% in June. This is the second straight month more than 250,000 homes have foreclosed. This is according to the latest report from RealtyTrac.

First of all, what is going on with the Fannie Mae and Freddie Mac news. how will that affect the housing market? It could be huge. The real debate is held in the reforms will be and still have enough capital to do with a need to do to affect relief on the markets. If Fannie Mae and Freddie Mac do not have the capital they need, foreclosures will go up. They are already up an enormous 53%, but down 3% from May 2008.

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Home Foreclosures Up 35% From 2007

June 6, 2008 · Filed Under Economic Impact of Foreclosures, Human Impact of Foreclosures, Loss Mitigation, Mortgage Default, Stop Foreclosure, US Foreclosure Statistics · Comment 



Stop Your Foreclosure Now


CNN.com recently stated, even with all the foreclosure prevention programs developed by the government, . The reason is obvious. Why does any, for profit banking institution, want to take on the problems of another bank?

New number show home foreclosures up 35% from last year, with more than 6.35% of all home loans in the United States falling delinquent. This number does not include homes currently in foreclosure.

Manassas Northern Virginia hit hard where 1 in 20 homes are in foreclosure.

14.5% of all homes for sale across the US in April 2008 were the result of a foreclosure.

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