Second Mortgage | Home Foreclosure Prevention

Negative Home Equity Hits 18% Nationwide

Monday, February 9th, 2009

First American Core Logic based its findings on a database of 42 million properties where there’s a first and or second mortgage. Being delinquent on your home loan doesn’t always mean a foreclosure.  Lenders continue to approve mortgage modification plans in great volumes. During the housing boom, Arizona, California and Nevada were among the fastest [...]

Almost 7% of Homeowners Face Foreclosure with Delinquent Home Loans

Saturday, December 6th, 2008

According to a recent report, almost 7% of U.S. homeowners were at least one payment late on their mortgages at the end of the 3rdquarter, an industry trade group said. The Mortgage Bankers Association said 6.99% of one-to-four unit mortgage loans, not including homes involved in foreclosure, were delinquent in the quarter.  Foreclosure proceedings were [...]