Real Estate News Blog Colorado March Archive

Colorado Foreclosures: Mostly Comprised of ARM Loans and Loans f

77 is the unlucky number for financial investors as that is the percent of forclosures in the market from non-bank lenders and it is also the percentage of loans that are in the Adjustable Rate Mortgage (ARM) category. As the home owners and investors were already borrowing from the non-bank market, there may be little legitimate financial institutions can do to stop forclosure on their property or give them any forclosure help.

Original source: Default Servicing News. Colorado Foreclosures: Mostly Comprised of ARM Loans and Loans from Non-Bank Lenders