HOME OWNERS GOING UNDER AS PREDATORY MORTGAGES SHOW UGLY SIDE
October 04, 2007
October 04, 2007
COLUMBIA, Mo., Oct. 4 -- The University of Missouri issued the following news release:
Many mortgages issued during the housing boom are now going into default leaving homeowners in sticky situations and foreclosures at an all time high. Nationally, foreclosures are up 115 percent compared to this time last year, according to RealtyTrac - a company that tracks foreclosure filings. Many of these people are shouldering the burden of a subprime loan and it is estimated that half of t . . .
Many mortgages issued during the housing boom are now going into default leaving homeowners in sticky situations and foreclosures at an all time high. Nationally, foreclosures are up 115 percent compared to this time last year, according to RealtyTrac - a company that tracks foreclosure filings. Many of these people are shouldering the burden of a subprime loan and it is estimated that half of t . . .