More on the foreclosure front

Apparently the foreclosure moratorium isn't working.

"The percentages of loans 90 days or more past due and loans in foreclosure both set new record highs, breaking records set last quarter……“The states of California, Florida, Arizona and Nevada continue to have a disproportionately high share of foreclosure starts, although the share has fallen slightly from last quarter. Those four states had 44 percent of all of the nation’s new foreclosures during the second quarter of this year, down from 46 percent in the first quarter."

Posted by Phyllis Harb at 9/3/2009 7:04 AM
Categories: Foreclosures
Tags: notices of default foreclosures increase
 

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