About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
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A recent story from the AP reported that the number of homes becoming delinquent on mortgage payments in February was up dramatically when compared to the same period last year. In addition, home repossessions more than double year on year. Here is an excerpt:

LOS ANGELES (AP) — Nearly 60 percent more U.S. homes faced foreclosure in February than in the same month last year, with Nevada, California and Florida showing the highest foreclosure rates, a research firm said.

A total of 223,651 homes across the nation received at least one notice from lenders last month related to overdue payments, up 59.8 percent from 139,922 a year earlier, according to Irvine, Calif.-based RealtyTrac Inc.

Nearly half of the homes on the most recent list had slipped into default for the first time.

Contact one of our counselors to learn more about government-backed foreclosure prevention options.

Comments (0) Posted by G.R.A. Admin on Thursday, March 13th, 2008


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