1 Articles match "ARM","Michigan","Preforeclosure"

The Latest from RealtyTrac MORE
July Foreclosure Report
As the market is absorbing the last wave of subprime foreclosure, another bigger wave of possible foreclosure triggered by Option ARM is preparing to take off. Option ARM loan or so called balloon loan does not reset in two years. Along with the option arms homeowners are faced with growing negative equity. 150 foreclosures U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today. View state-by-state details .
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • July Foreclosure Report
    As the market is absorbing the last wave of subprime foreclosure, another bigger wave of possible foreclosure triggered by Option ARM is preparing to take off. Option ARM loan or so called balloon loan does not reset in two years. Along with the option arms homeowners are faced with growing negative equity. 150 foreclosures U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today. View state-by-state details .
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE