Tuesday, August 19, 2008

Foreclosures

Of the 45 million mortgages in the United States....
- .99% of them are in a foreclosure status
- 6.35% of them are in default (at least 30+ days late)
- 6.7 million distressted properties (owners are in default or foreclosure)

Of those that are in danger of foreclosure, only 2 of 8 will seek assistance from a Realtor.

Who do you know that may be having problems paying their mortgage? My real estate team can assist with selling a home for less that what a borrower owes.

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