More Foreclosures On The Horizon In Q4 Posted By: Mike Taylor

2009 may just go down in the record books as “the year of the foreclosure” for homeowners across the country and it doesn”t look like things are going to improve any time soon. The number of foreclosures hit record highs by the midsummer at over one million foreclosures being filed at that time. The concern felt by many in the housing industry at this time is that almost a quarter of the home loans across the country are underwater at this time and another wave of foreclosures is likely to be the result in the months to come. When lenders are owed more than the homes that are borrowed against are worth, then there is an increased possibility that home owners are going to stop paying their mortgages or just walk away from their homes …

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More Foreclosures On The Horizon In Q4 Posted By: Mike Taylor

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