I was reading an article on CNN Money.com today titled “How to rescue the housing market: Foreclosures!”. Not a great title I would say and more importantly in my opinion not a great concept at all.
The gist of the article is that the government needs to reverse the policies of the last 4 years since the housing downturn and actually encourage foreclosures as a means of “stabilizing” the housing market. They included this interesting graph (above) showing how more home owners are becoming delinquent for longer periods of time. (read on after the jump for more)
Welcome Back Readers. Today we are touching on a timely topic for many. Foreclosure. Timely for many, as an article about it in today’s paper was titled “Record number losing homes”. Ouch. Record number.
The article cites 2010 Lancaster County Pa Foreclosure filings as setting a new record at 1,334. This is an increase over 2009 at 1,319. But who really expected differently? With the state of the economy, I look at those numbers and am surprised they aren’t higher. That figure represents an increase of 1.21%.
That’s the new record, up 1.21%. If all we are going to do is talk statistics, that is nothing, an anomaly, barely worth a mention in the history books. In the end, statistics, nameless, faceless statistics are what these numbers become when reported this way. And therin lies the problem. Read on after the jump to find out more.
Welcome Back Readers! Thanks for stopping by again, I just wanted to take a minute and let you know about a new website from Fannie Mae. The site, www.KnowYourOptions.com is full of great information regarding forclosure and as the title would suggest, what your options are. Check it out and if you are thinking of selling your home to avoid foreclosure, call me, I will be happy to help you through!
