Welcome to the New RealTown! Submit Feedback
Member Login | Join RealTown
The Real Estate Network
RealTown HomeBlogsOpen House CafeFor BuyersCommon reasons homes are in foreclosure

Open House Cafe

Blog by Remy Chausse
Tustin, California
You can search for homes for sale anytime at www.GoFindRealEstate.com I'm a southern California real estate agent, working with buyers and sellers who often say ... I've never done this before ... I have no idea what I'm doing! ... and we get through it together, as we both look forward to a successful transaction! I created the Open House Cafe to provide a warm and cozy format with tips for buying a new home (or selling the existing home). Every day is open house day for you to ask your real estate questions!

Categories

Subscribe

Your E-mail Address:
Subscribe to:

Recent Comments

RE: Negotiate to Get What You Want
Good advice Remy.  The more ammunition your b...
RE: Finding a Fixer-Upper
 Thanks for your help. Are you a builder - or...

I recently came across your blog and have been rea...
RE: Can you buy a house? (Facts vs. Myths)
Well… I visit your website first time and f...
RE: Association Dues - Friend or Foe?
You're right, condos ARE less pricey to maintain.&...

Archive

Favorite Links

RealTown Blogs

Blogs Homepage
Featured Entries
Recent Entries
Recent Comments
Tags
My Starred Entries
Create A Blog
Log In

Site Feed

RSS Feed

Common reasons homes are in foreclosure
Posted at Open House Cafe by Remy Chausse
Mar. 26, 2009
Categorized in: For Buyers

A recent survey was done on Orange County Real Estate to identify the primary reasons borrowers fall behind on their home loan payments. Responses were gathered from approximately 80% of all borrowers who were facing foreclosure. Of those borrowers, the most common reasons they were facing financial difficulties were:

Curtailment of Income 58.3%
Illness/Medical 13.2%
Divorce 8.4%
Investment Property/Unable to sell 6.1%
Low regard for homeownership 5.5%
Death 3.6%
Payment adjustments 1.4%
Other 3.5%

If you’re ready to take advantage of this market and start searching for a bargain, visit www.GoFindRealEstate.com!

 

Permanent Link | Comments (0) | Write a Comment | Send Link

User Comments

There are currently no user comments for this entry. Be the first to post a comment!

Write a Comment
Your Name:  RealTown Members: Click here to login
Your E-Mail: 
Your Website: 
Subject: 
Your Comment: 
Notifications: 
Privacy: 
Verification: 
To verify that you are a human and not a script, please enter the verification word from the image into the box on the right.