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March 26, 2009
March 26, 2009
Categories
With foreclosure being such a buzz word, this is a good time to clarify some important definitions and the foreclosure process. Pre-foreclosure. Pre-foreclosure means you have missed payments on your mortgage, and by definition are in default. For example, a borrower could be $9,000 behind in payments. During this time, […]
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October 25, 2008
October 25, 2008
Categories
According to the Mortgage Bankers Association the current foreclosure rate for Washington State as of June 2008 is 1.04 percent, nationally, the rate is 2.75 percent. Washington is ranked as the 45th state in delinquencies and 44th in foreclosures started. Last year, Washington foreclosure rates were at .49 percent versus […]
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