1 Articles match "ARM","Study","Texas"

The Latest from RealtyTrac MORE
Credit Card and Mortgage Debt Fuels Foreclosure
The study showed that consumers carried debt loads that substantially exceeded their income and, as a result, bankruptcy — or foreclosure — were their only reasonable options. 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 Debt! No word better describes why millions of Americans are now facing foreclosure.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Credit Card and Mortgage Debt Fuels Foreclosure
    The study showed that consumers carried debt loads that substantially exceeded their income and, as a result, bankruptcy — or foreclosure — were their only reasonable options. 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 Debt! No word better describes why millions of Americans are now facing foreclosure.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE