” A Pale Green Mermaid Blog “
one in 45 across the nation,
the Big banks thrive and hoard their cash,
a secret little stash,
it was meant to lend,
but they refuse to bend,
so when those big bad banks retire,
they can aspire,
to a life of less than dire – floating down a river in a inflated golden tire…
one in 45 across the nation.
US Foreclosure Rate 2010
During 2009, almost 3 million homeowners receive a minimum of one foreclosure filing. This is a new record.
It is reported by Realty Trac, that 1 in every 45 which is 2.8 million households were in default in 2009. What does 2010 hold for the foreclosure market.
I think that the US foreclosure rate in 2010 is going to move up. Let me tell you why.
Look at the chart to the left. You can see that all of the foreclosure trends are still moving up.
I have talked to a lot of homeowners that may not be behind in their payments, but they have lost a ton of equity and now are upside down and there are more and more people that are just walking away from homes that have lost money.
From Boise Idaho area website www.homeswithjosh.com
also check www.realtytrac.com for current info on Foreclosure rates in the US.