Buyers Find Pre-Foreclosure Homes Rising As Delinquency Rates Sur

Photos

find pre-foreclosure homes

see larger image

uploaded by cassy82

Buyers find pre-foreclosure homes to have risen in some areas of the U.S. in the 2010 third quarter. Meanwhile, delinquency rates among borrowers who are less than two months behind in payments rose.

A report by U.S. bank regulators showed that they find pre-foreclosure homes to have risen in numbers in various areas of the U.S. during the 2010 third quarter. The increase is expected to continue until the first few months of 2011 as the number of delinquent borrowers also increases in the country.

In California, San Jose foreclosures and foreclosed property totals in other metro areas of the state jumped during the July-September 2010 period. Statewide, foreclosed properties numbered 382,000 during the quarter, representing a 31.2% surge compared with the previous quarter and a 3.7% increase from the same 2009 period.