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Homeowners Facing Foreclosure
- 1 out of every 200 homes will be foreclosed upon. – Mortgage Bankers Association
- Every three months, 250,000 new families enter into foreclosure. – Mortgage Bankers Association
- One child in every classroom in America is at risk of losing his/her home because their parents are unable to pay their mortgage. – Based on information from the Mortgage Bankers Association
- A slower real estate market can translate into falling prices and home values. As a result, homeowners who opted for adjustable rate mortgages may now find that as their mortgage rate adjusts higher, their home value is lower and therefore refinancing is no longer an option.
- Six in 10 homeowners wish they understood the terms and details of their mortgage better. – Freddie Mac/Roper poll of 2,031 U.S. homeowners, conducted 2005.
- More than 6 in 10 homeowners delinquent in their mortgage payments are not aware of services that mortgage lenders can offer to individuals having trouble with their mortgage. – Freddie Mac/Roper poll of 2,031 U.S. homeowners, conducted 2005.
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Property Investment Blog
More Raleigh NC Foreclosure Stats
- - 50 plus percent from the employees at present danger falling behind on the mortgages once they miss just one paycheck.
- - Over 40 % of households can't conserve a three month emergency fund, and simply about 50 % get access to lots far more than $5000 in liquid assets in the course of an urgent scenario.
- - The most standard reason behind foreclosure is job loss, health crisis and debt.
- - Statistics indicate that every four out of 5 persons knowledge no less than 6 months or even more of unemployment throughout their lives due to some form of illness or disability.
- - A minimum of a single child from every single classroom in the US reaches opportunity of becoming homeless, simply simply because their parents may well be facing foreclosure sooner or later of one's time.
- - Most of lenders lose money on foreclosures, with regular losses ranging amongst 20 cents to six cents on every dollar. A lender or maybe a mortgage holder prefer to gladly use the present homeowner whenever we are able to.