1 Articles match "ARM","October","Texas"

The Latest from RealtyTrac MORE
Credit Card and Mortgage Debt Fuels Foreclosure
Not surprisingly, more than 115,568 properties entered some stage of foreclosure nationwide in October, according to RealtyTrac’s U.S. Among the hardest-hit states were California, Florida, Texas, Michigan, Illinois and Ohio. Rising interest rates have caught many homeowners in a “can’t pay, can’t sell, can’t refinance” vise, in which their ARM payments are outpacing their incomes and their homes have not appreciated enough to help cover Debt! No word better describes why millions of Americans are now facing foreclosure.
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • Credit Card and Mortgage Debt Fuels Foreclosure
    Not surprisingly, more than 115,568 properties entered some stage of foreclosure nationwide in October, according to RealtyTrac’s U.S. Among the hardest-hit states were California, Florida, Texas, Michigan, Illinois and Ohio. Rising interest rates have caught many homeowners in a “can’t pay, can’t sell, can’t refinance” vise, in which their ARM payments are outpacing their incomes and their homes have not appreciated enough to help cover Debt! No word better describes why millions of Americans are now facing foreclosure.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE