The New York Times has recently published an article saying the rich are in default on their mortgages at a higher percentage than the average home owner. The recession has obviously affected the middle class, and now it’s starting to reach the wealthy. According to a real estate analytics firm, more 1 in 7 homeowners [...]
Even The Wealthy Are Having Problems Paying Their Mortgages
July 19th, 2010 · No Comments · Mortgage Statistics, Real Estate Investment
Tags:Housing Market·mortgage delinquencies·recession·wealthy delinquent on mortgages
Mortgage Defaults Holding Down Home Prices
May 25th, 2010 · No Comments · Housing Market, How to Avoid Foreclosure, Short Sale Real Estate Agents, Short Sales
Tags:Bank Owned Homes·Housing Market·Mortgage Defaults·Short Sale Real Estate Agents·Short Sales
Foreclosure Trend Slowing
February 22nd, 2010 · No Comments · Foreclosure Homes, Housing Market, Real Estate
The Associated Press reported yesterday that the foreclosure trend is slowing. They claim the end of the crisis is in sight. That may be the case, but it will most likely be a slow, steady process. The report is basing there theory on cities like Las Vegas, Phoenix, and Miami having a decline in delinquent [...]
