9.2% of All U.S. Mortgages Were Behind in May
According to LPS (Lender Processing Services), the national delinquency rate for mortgages in May was 9.2%, up 2.3% from April.
A mortgage is considered delinquent when it is more than 30 days late.
This means that 7.3 million homes in the U.S. are in some stage of default or are REOs (real estate owned, bank owned or foreclosure).
The numbers are getting larger, not smaller, and this means more and more people need to understand their options as 7 of 10 people who are foreclosed upon, do not seek professional advice.
Please don't be part of the majority in this situation. You do not need to suffer in silence waiting for the "inevitable".
If you are in default, please don't allow the foreclosure to simply happen. Please seek advice. If you are in Southern California, please see www.helpingsocalhomeowners.com or call me at 714.319.9751 to discuss your options.
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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.
Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.
If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes. Click the link if you are interested in buying a home at a courthouse auction sale.
Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.
Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.
Federal Government Disclaimer (MARS)
- You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.
- Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and
- Even if you accept this offer and use our service, your lender may not agree to change your loan.
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