http://www.biggerpockets.com/renewsblog/2009/10/15/foreclosures-jump-5-percent-worst-3-months-ever-housing/ Learn, Network, Invest Sat, 11 Feb 2012 23:51:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.biggerpockets.com/renewsblog/2009/10/15/foreclosures-jump-5-percent-worst-3-months-ever-housing/#comment-74425 Ryan Moeller Wed, 21 Oct 2009 00:01:16 +0000 http://www.biggerpockets.com/renewsblog/?p=7769#comment-74425 I have seen statistics that show that delinquent mortgages are way up in 2009 over 2008, approx 50% more. This 2nd wave is very unfortunate for homeowners, but will certainly offer tremendous opportunity. What happens when they raise interest rates to fend off inflation? This seems to be the perfect storm. There are still a ton of subprime and option A mortgage resets, unemployment and income reductions, tons of people underwater and even shadow inventory. Add on the commercial meltdown and the next 3-5 years is going to be interesting, tremendous for savvy investors. .-= Ryan Moeller´s last blog ..<a href="http://www.realreturnrealestate.com/index.php?option=com_content&view=article&id=225:west-cleveland-cash-flow-duplex&catid=57:current-projects&Itemid=88" rel="nofollow">Cash Flow Duplex</a> =-. I have seen statistics that show that delinquent mortgages are way up in 2009 over 2008, approx 50% more. This 2nd wave is very unfortunate for homeowners, but will certainly offer tremendous opportunity. What happens when they raise interest rates to fend off inflation? This seems to be the perfect storm. There are still a ton of subprime and option A mortgage resets, unemployment and income reductions, tons of people underwater and even shadow inventory. Add on the commercial meltdown and the next 3-5 years is going to be interesting, tremendous for savvy investors.
.-= Ryan Moeller´s last blog ..Cash Flow Duplex =-.

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