4 Million Mortgages Behind
Posted by Michael Bang on Monday, April 12th, 2010 at 6:04pm.In an article in Time Magazine, the estimated number of mortgages that are now 90 days or more late is now surpassing the 4 million mark. Of those, it is expected that by 2.5 million will go into foreclosure and become bank owned by the end of 2010.
The fear of course, is that this will begin to hit the hundreds of thousands of homeowners who are now upside down on their mortgage even worse as the banks attempt to dispose of the assets on their books at dirt cheap prices causing an even greater drop in comparable homes throughout the United States.
Michael R. Bang - Consumer Advocate & Foreclosure Specialist
CEO Georgia Forelosure, Inc.
404-545-7119 Voice
770-206-2233 Fax
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