Cliff's Notes...on Real Estate

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Thursday, March 20, 2008

Foreclosure Filings

After hearing month after month about the sub-prime loan fiasco and how that had caused the implosion of the real estate market I decided to do some investigation. The following is my interpretation of the data:
  • 30% of American homes are owned "Free and Clear"
  • 20% of American homes are owned by Investors.
  • 50% of American homes have a Mortgage/Loan.
  • In 2007 in all of America: 1.033% homes had foreclosure filings
That means we have about 1/2% foreclosures in America. Or 99.5% American homes owners are paying their Mortgages/Loans and not part of any foreclosure. Is the market really going to hadies in a hand bag? I think not.

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posted by Unknown | 1:24 PM

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http://www.StopForeclosureInSanCarlos.com

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