http://www.therealestatebloggers.com/2008/09/05/641-of-all-mortgages-late-or-in-foreclosure/ Real Estate Blog, Mortgage, and Development News Fri, 19 Mar 2010 11:40:51 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.therealestatebloggers.com/2008/09/05/641-of-all-mortgages-late-or-in-foreclosure/comment-page-1/#comment-256724 Brad G Tue, 09 Sep 2008 21:34:30 +0000 http://www.therealestatebloggers.com/2008/09/05/641-of-all-mortgages-late-or-in-foreclosure/#comment-256724 I wish I could be as optimistic as you guys. I live in Michigan and the foreclosures are getting out of control. It almost makes sense to get approved on a new loan with your old mortgage still on your credit report (if you can get approved to begin with) and go into foreclosure on the old house. Home prices are going to continue to drop here in Michigan with nothing to stop them. I wish I could be as optimistic as you guys. I live in Michigan and the foreclosures are getting out of control. It almost makes sense to get approved on a new loan with your old mortgage still on your credit report (if you can get approved to begin with) and go into foreclosure on the old house. Home prices are going to continue to drop here in Michigan with nothing to stop them.

]]> http://www.therealestatebloggers.com/2008/09/05/641-of-all-mortgages-late-or-in-foreclosure/comment-page-1/#comment-255128 AudioMicro Fri, 05 Sep 2008 18:19:14 +0000 http://www.therealestatebloggers.com/2008/09/05/641-of-all-mortgages-late-or-in-foreclosure/#comment-255128 Nice post....we like the optimist side of things. Out here in CA, specifically the San Fernando Valley, we are seeing a lots of houses sit on the market over 120 days, but not too many foreclosures in the SF valley. If we do visit a foreclosure home, we find that it's often in pretty bad shape. Nice post….we like the optimist side of things. Out here in CA, specifically the San Fernando Valley, we are seeing a lots of houses sit on the market over 120 days, but not too many foreclosures in the SF valley. If we do visit a foreclosure home, we find that it’s often in pretty bad shape.

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