The statistics for mortgage delinquencies, nationwide for the 4th quarter of 2009 are now official, and I wanted to share them with you.
These statistics are based on approximately 44,600,000 mortgages, and they show that 4.58% are in foreclosure, but more importantly, 10.44% are in default (30+ days late), for a staggering total of 15.02%!
The worst of these are the subprime loans, with 15.58% in foreclosure, and 25.26% in default (30+ days late), for a whopping 40.84% total!
Today, foreclosure is an overwhelming reality for millions of homeowners. However, more than 70% of homeowners proceed without seeking assistance and without getting the facts.
As I have been mentioning during the past few weeks, I have developed a Website at http://www.mike-bryantcanhelp.com/
Here I’ve prepared a free report to lay out the first steps people should take when upside-down on a mortgage and unsure of what to do next! You will learn the advantages and disadvantages to all your options, while putting together an efficient outline of how to take advantage of whichever one you choose.
I sincerely hope you will take advantage of this information and please feel free to pass it along to anyone you know in need. Getting the right information is the key to getting back on track.
If you know someone who is currently in danger of losing their home, and doesn't know what to do, please forward this information to them. Remember, I am here to help.
Mike
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