Adjustable Rate Mortgage Blog April Archive

Foreclosure rates up 126 percent

04/21/09 17:43

RealtyTrac - a company who collects foreclosure data across the county, says that record high foreclosure listing have spiked up to 126 percent specially in the Cumberland County. About 1,068 properties listed in foreclosure in which 800 of it are in default. The continuing increase is attributed to a number of factor like the recent layoffs and increasing rates up to 12 percent on adjustable mortgages. M

Link: County foreclosure rate up 126 percent - NJ.com

Tags: county foreclosure rate up 126 percent • realtytrac • cumberland county foreclosures • high adjustable mortgage rate •
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