Foreclosure Flood May Not Have Crested Yet

From: www.msnbc.msn.com

“If the national foreclosure crisis were a baseball game, we would be in about the top of the sixth. And we may have to go to extra innings.

Since the housing market peaked in 2006, some 6.5 million homes have been lost to foreclosure. There are likely another 4.3 million more homeowners who are “seriously delinquent,” meaning they are more than three months behind in their payments, according to data released by the Mortgage Bankers Association this week. Many of those homeowners will soon enter the foreclosure pipeline.” (READ MORE)