Adapting MEBA to Address the Groundswell of Potential Foreclosures
The chart, which has data up to June 2009, shows that while banks are holding fewer foreclosures on their books REOs, the ratio of mortgages with some type of foreclosure filing and the ratio of mortgages 90 days late have been steadily increasing.
via Housing recovery hinges on foreclosure peak – Mortgage Insider – OCRegister.com.
Since we’re fielding more and more inquiries from folks that either already behind in the mortgages, or are about fall behind, we’re going to be adding a ‘foreclosure relief‘ section to MyEastBayAgent where we’ll be providing resources to those who find themselves in that situation.
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