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1 in 33 in fore-
 
Published by kidmercuryblog
04-18-2008

1 in 33 in fore-

For those of you hoping that foreclosure crises has hit bottom, we've got some bad news. A new report released by the The Pew Charitable Trusts says that 1 in 33 homeowners is expected to be in foreclosure over the next two years, due primarily to subprime mortgages made in 2005 and 2006. The report goes into detail about how each of the states is dealing with the mortgage meltdown. Everyone is affected, even those without risky mortgages.


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