A New Wave of Foreclosures

As we have seen the housing market start to stabilize and prices are starting to creep back up, it is now evident that borrowers are still having a hard time making their mortgage payments. There are close to 7 million homes that are being threatened with foreclosure but this process could take up to 3 years. With the potential of 5 to 7 million homes going into foreclosure in the next 3 years, it could drive the prices of homes down again. To read more on this topic visit New Wave of Foreclosures Threatens Market.