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INVESTMENT PROPERTY FOR SALE
Properties Avaliable in Southern California
As well as some other states.
Please Call For Details.
List is available to qualified buyers
Please Call:
Cell #714-493-5069
Thank You For Visiting: http://www.CaliforniaListing.com
Latest News From CAR:
NATIONAL FORECLOSURE RATE DRIVEN BY JUMPS IN FOUR STATES
A record number of homeowners entered the foreclosure process during the first quarter of 2007, despite a decline in foreclosure starts in 24 states, according to a recent report from the Mortgage Bankers Association (MBA). "While foreclosure starts increased slightly from last quarter, thus setting another record, most of the increase was due to only four states: California, Florida, Nevada, and Arizona. Without these four states, foreclosure starts would have declined," said MBA Chief Economist Doug Duncan.
According to the MBA's "National Delinquency Survey," 1.28 percent of mortgage loans were in the foreclosure process last quarter, up from 0.98 percent a year earlier. The delinquency rate for mortgage loans, which does not include loans in the foreclosure process, rose to 4.84 percent during the first quarter of 2007. For subprime loans, the delinquency rate increased to 13.77 percent from 11.5 percent a year ago.
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