Mathews Associates

"Building Lifestyles for Life"

Archive for July, 2010

THE FORECLOSURE CRISIS IS FAR FROM OVER!

Posted by Dwight Mathews on July 17, 2010

The Golden Nugget Las Vegas
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Sin City, Las Vegas ranks at the top of the list, but it’s not alone in its troubles.  Orlando, Fl., Riverside, Ca. and Memphis Tn, thousands of homeowners are risking foreclosure.  Overall, 7% of all loans are at least 90 days delinquent in the 10 riskiest cities in America.

In California, 5 out of 10 cities fall into the biggest risk category; Riverside, Stockton, Modesto, Bakersfield and Vallejo saw dramatic run-ups in prices before the housing market peaked in 2006.  Now those cities have severe delinquency rates between 9.7% and 8.6%.  You can read  story and see the list by clicking the link below.


Riskiest Cities For Homeowners – Yahoo! Real Estate.

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Fannie Mae To Pursue Legal Action Against Strategic Foreclosures

Posted by Dwight Mathews on July 8, 2010

Fannie Mae To Pursue Legal Action Against Strategic Foreclosures.

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