Delinquencies on the Rise

US Treasury just reported that more lender-owned foreclosures will be coming to the market soon.

25% of option ARM mortgage loans are either 90 days delinquent or in the process of foreclosure (1 our of every 4!)

12% of ALL mortgages are either delinquent or in foreclosure.

FHA loans in delinquencies or foreclosure - 16%

VA loans in delinquencies or foreclosure - 10%

Lots more opportunity to buy real estate at a major discount is coming down the pipe - are you ready to snatch up a great investment?