In the third quarter one in every 136 U.S. homes were in foreclosure, which is a 5% increase from the second quarter and a 23% jump over the third quarter of 2008. I was a mortgage collector for 2 years with a national bank, I can't imagine what my job would be like right now. (I left that job in 2003). In my state of Oregon the rate is one in every 462 homes and 11th in foreclosures, nationally.
I'm getting a snapshot of what you're talking about, Rainbow. I'm in the process of selling my mother's home. I find myself on a unfair playing field right from the start. With all the foreclosures & short sales on the market it will be hard to impossible to get anywhere near fair market value for her house.
Talked with the realtor earlier today, she was telling horror stories of what she has come across in her business. My mother's home is extremely nice, almost like a sanctuary with the location & landscaping. I want to get it sold before the market tanks, but I don't want to give it away.
1 in 136 homes in foreclosure in USA
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Posted - 10/15/2009 : 15:16:18
