Home Mortgage Delinquency and Foreclosure Rates

California home foreclosures short sales

The high levels of unemployment coupled with excessive and irresponsible home purchases last decade has resulted in disturbing mortgage delinquency and foreclosure rates.  Currently, this paints a dismal picture of homeowners struggling to stay current despite the numerous federal programs aimed at keeping people in their houses. This continues to reinforce my assumption that the economy and the housing markets are nowhere near being out of the woods yet.

California foreclosures

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