Every quarter I'll post some interesting statistics to show how big of a problem we have at hand. The graph is provided Distressed Property Institute. Here's national mortgage delinquency rate for Quarter 4 of 2009.
Unemployment Rate
According to the U.S. Bureau of Labor Statistics, the seasonally adjusted unemployment rate for January 2010 was 9.7%. The highest rate ever recorded by the Bureau was 10.8% in Nov/Dec 1982.
These are staggering numbers. If you are having difficulty making mortgage payments, there's a much better solution than just walking away.
Simon Hahn - Keller Williams Realty
Virginia Short Sales Specialist, Maryland Short Sales Specialist, Washington DC short sale specialist
703-662-1466
