Austin Texas Mortgages» loan modification http://www.austintexasmortgage.org Mortgage Information for Austin Texas and Beyond Thu, 02 Feb 2012 17:57:14 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 13% of Mortgages in Deep Trouble http://www.austintexasmortgage.org/13-of-mortgages-in-deep-trouble/ http://www.austintexasmortgage.org/13-of-mortgages-in-deep-trouble/#comments Fri, 21 Aug 2009 01:06:30 +0000 admin http://www.austintexasmortgage.org/?p=17 13% of Mortgages in Deep Trouble is a post from: Austin Texas Mortgages

]]> We all know that the recession has been going on for a while now.  And, I think the large majority of people realize that a significant downstream impact of the recession has been a rise in foreclosures. Of course, the impact has tended to be concentrated in several problem states, with the most prominent being California and Florida.  This is not to say that other States are immune, but rather that these States are bearing the brunt of it. A recent article in the LA Times quantifies the national problems, and points out that at the moment “the number of homeowners who are either behind on their payments or in foreclosure rose to more than 13% nationwide — a new record.”

Wow.

I hope that you are in good shape with regards to your mortgage.  If you are feeling the pinch though it is better to be proactive and research loan modification programs or at least seek out a financial advisor who may be able to you with your specific situation.

13% of Mortgages in Deep Trouble is a post from: Austin Texas Mortgages

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