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Free News Articles Home Opinion and Commentary Mortgage Delinquency Rates Predict More Foreclosures Ahead Mortgage Delinquency Rates Predict More Foreclosures Ahead Author: BankForeclosuresSale
Dateline: Mon David Johnson Hoodie , 20 Jul 2009

freeNewsArticles Story Summary: “SAN FRANCISCO, Calif. (SEND2PRESS NEWSWIRE) -- The real estate experts at Bank Foreclosures Sale are keeping a close watch on the news revolving around foreclosures across the U.S.; they are working to keep their news fresh and their listings hot. Keeping a close eye on the California real estate market, Bank Foreclosures Sale reports that, statewide, foreclosures have increased for the third-consecutive month.”

A R T I C L E:

SAN FRANCISCO Hakeem Butler Hoodie , Calif., July 20 (SEND2PRESS NEWSWIRE) -- The real estate experts at BankForeclosuresSale are keeping a close watch on the news revolving around foreclosures across the U.S.; they are working to keep their news fresh and their listings hot. Keeping a close eye on the California real estate market, BankForeclosuresSale reports that, statewide, foreclosures have increased for the third-consecutive month.

And Zach Allen Hoodie , based on mortgage delinquency rates, more foreclosures are expected.

For example, an article in "Builder," a magazine for the home building industry, reported that an estimated 13.9 percent of Stanislaus County Andy Isabella Hoodie , CA homeowners with mortgages are 90 days or more behind on their payments, according to First American CoreLogic. The delinquency rate is 17.4 percent in Merced and 14.5 percent in San Joaquin. Nationwide, the rate is 6.5 percent.

In Oakland County, CA, residential foreclosures soared to 940 in June Byron Murphy Hoodie , putting the county on track to break the 8,000 mark for the second straight year in a row.

Foreclosures put downward pressure on prices because lenders sell them at steep discounts to get them off their books.

The real estate professionals at BankForeclosuresSale predict that foreclosures will continue to rise into the late summer. This information is based on the number of default notices and delinquency rates.

"So, while these numbers are evidence that the housing market remains in trouble, there is a bright side," Simon Campbell Kyler Murray Hoodie , Business Analyst for BankForeclosuresSale says. "There have never been more bargains available than there are today. First-time home buyers and real estate investors have so many choices at their fingertips."

It is now possible for people to find their dream home while saving thousands of dollars. And, BankForeclosuresSale is working to ensure that its Web site is up-to-date, easy-to-use and reliable. Its team of real estate professionals works with customers to find the deal that is right for them.

BankForeclosuresSale is a leading online foreclosure listings service with more than one million listings that provides information and advice to real estate investors of all skill levels - from beginners to experienced veterans and everyone in between.

For more information, visit: www.BankForeclosuresSale.

All referenced product names, and other marks Pat Tillman Shirt , are trademarks of their respective owners.

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Copyright © 2009 by BankForeclosuresSale and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.

• Story Title: Mortgage Delinquency Rates Predict More Foreclosures Ahead
• REFERENCE KEYWORDSTERMS: real estate investors, , , Bank Foreclosures Sale Markus Golden Shirt , Opinion and Commentary, , , .

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