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arms Real Estate News Blog; April, 2007 Archive

Foreclosures on the rise

By Art C Ryter at 04/04/07 10:32

Foreclosures are on the rise in the Coachella Valley, California, just as they are throughout the country. Homes are taking longer to sell and as more homeowners fall behind on payments, more foreclosures are hitting the market. Many homeowners need foreclosure help due to adjustable interest rate mortgages that are resetting at higher rates.

Original source: The Desert Sun. [404 Check: was link to http:/ / www. thedesertsun. com/ apps/ pbcs. dll/ article?AID=/ 20070401/ BUSINESS04/ 704010304/ 1003, anchor: Foreclosures on the rise]

Tags: real estate • subprime mortgages • forclosure • arms •
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