Texas Gal Real Estate

Residential real estate in Fort Bend TX

Browsing Posts tagged United States

**DEFINITIONS**

Home Loan Delinquency  –  loans that are more than 30 days past due, but not yet in foreclosure.

Foreclosure Inventory – mortgages that have gone to a foreclosure attorney but haven’t reached the final stage of foreclosure sale

 Mortgage Foreclosure Numbers Climb Higher In June

LPS Mortgage Foreclosures in June 2011According to LPS, Lforeclosure home sale sign2 1 Mortgage Foreclosure Numbers Climb Higher In Juneender Processing Services, the Home Loan Delinquency rate is up 8.15% in June.  2.4% higher than May and compared to June of last year, 14.7% higher.

The U.S. Foreclosure Inventory is up both on a monthly and an annual basis.  LPS states that there are 6,452,000 mortgages going unpaid in the United States.  2,167,000 are in the process of foreclosure. 4,285,000 are 1 or more payments past due and of these 1,906,000 are 90 or more days past due.

The states with the highest percentage of non-current loans are Florida, Nevada, Mississippi, New Jersey and Georgia. 

States with the lowest percentage of non-current loans are Montana, Wyoming, Alaska, South Dakota and North Dakota.

 

 

FORECLOSURE HELP

House 62 198x300 Learn How A Short Sale Can Help You Avoid Foreclosure

Feeling like there is no other option but foreclosure can be an overwhelming experience. Know that you are not alone. Thousands of homeowners in the United States are facing the same challenges as you every single day. Now more than ever before there are solutions.House Money 300x214 Learn How A Short Sale Can Help You Avoid Foreclosure

You need help, guidance, and someone who understands the difficult choices you are facing about your home, your family, and your life. Quite often a homeowner facing a foreclosure thinks they have to go through the process alone, forced into a daunting situation caused by unforeseen circumstances beyond their control. Facing damage to your credit, and the possibility of not being able to purchase another home for 10 years can be a tough future to face, but by tapping into the expertise of a knowledgeable real estate agent, there are options available for you and you’ve come to the right place.  House 300x233 Learn How A Short Sale Can Help You Avoid Foreclosure

We provide you with information about how to avoid a foreclosure, explain the effects it can have on you and your family, and offer other options that may be available to you. This includes a short sale, and we can help you determine if you qualify.
Please know that all communication will be strictly confidential.