A new study by an industry watch group claims that 2.2 million American households will lose their homes and as much as $164 billion due to foreclosures in the subprime mortgage market. The group goes on to claim that one in every five subprime loans outstanding will result in a foreclosure. Considering buying or selling San Diego real estate, Bob Schwartz, certified residential real estate broker can insure that you get the best possible deal! [tags] foreclosures, home foreclosures, housing market, San Diego real estate agent, mortgage loans, home loans, real estate market [/tags]
3 thoughts on “Study Says 2.2 Million Borrowers Face Foreclosure on Subprime Loans”
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Shorts sales and foreclosures are out of control with the market in a correction mode and moving down.This is good for buyers right now. The sellers had it their way for a few years and now the buyers are in the drivers seat. liposuction San Diego
The market came to quite a slow down with prices coming down. Prices still significantly low and buyer’s should jump into the market while rates are still very low as well. San Diego cosmetic dentist
I agree with this. There is a marked slowdown in the economies of many large countries. Here in the UK we have even stopped university fees and the college intakes are starting to be way down on the norm. They now say the average student will amass some £60k worth of debt when they leave college…..