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Almost 7 1/2 Million “troubled loans”

Mon, May 10, 2010

Statistics

According to Lender Processing Services (LPS), a leading source of mortgage performance data and analytics, there are close to 7 1/2 million non-current and/or REO (bank owned) loans in the market place. LPS reported this number based upon data from the end of March, 2010.

The report had the foreclosure inventories at 3.27% more than the national average in Florida, Nevada, New Jersey, Arizona, California, Illinois, Indiana and Ohio with 16 states showing an increase in default loans.

Do you currently owe more than your home is worth? Email or call us at 480-305-0937.

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