New Construction

Clean-up Duty
Posted on Created: Thursday, 18 March 2010 15:58
Anyone who has been looking optimistically at the relatively low foreclosure numbers recently will not want to read this article. Well, it is probably better if you read it anyway. The numbers in the foreclosure department are about to take a turn for the worst. There are many, many Americans who are on the verge of foreclosure, but have not yet fallen into the abyss. According to a new report, there are between 5 and 7 million Americans who are seriously behind on their mortgage payments- so far behind that their delinquency is almost sure to end in foreclosure. This will put a damper on what many experts describe as a weak, yet stabilizing, economy. The relatively calm numbers that we have seen in the housing sector will almost certainly take a turn for the worst. Experts say that the only reason that the foreclosure numbers are relatively tame right now is because there is a large number of Americans who are just about to fall into the abyss. The figures will soon catch up to th ...