Failing to Plan (Planning to Fail)
Many adults have completed a rigorous schedule in college, devised a career path and systematically attend to the needs of their family. They meticulously plan out weddings, vacations and social events. What most people have neglected is to create a financial plan. And, finances are definitely one of the most important things to plan for. [...]
“Once again this quarter, the rate of foreclosure starts and the percent of loans in the process of foreclosure are the highest recorded since 1979.”
Mortgage Bankers Association
Here are the Grim Statistics
The delinquency rate on residential properties was 6.35%.
The percentage of loans in the foreclosure process was 2.47%.
Loans with foreclosure actions started this quarter were 0.99%.
The [...]
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