Frightening Foreclosure Forecast
Apr 18th, 2008 | By Dave Gonigam | Category: Featured, Financial News, Real Estate Investments“A full 3% of U.S. homes could go into foreclosure before the housing meltdown is over, according to a new report from the Pew Charitable Trusts,” says Dave Goingam.
“That’s 1 out of every 33. In Nevada, it’ll be more like 1 out of 11.”
“The forecast is based on data from the Mortgage Bankers Association and the Center for Responsible Lending.”