Foreclosure Question...?

Question

Does anyone have any information based on what type of loans people have used that are facing the foreclosing crisis? Also, are there any %s based on the amount of money put down.

Example 0% down had a 45% rate of foreclosure

I just wanted to see what peoples LTV was and their rate of foreclosure.

Answer 1

type of loan is sub-prime loan. a very risky type wherein interest could rise up quickly (like what happened), lenders ignored income verifications, and lenders agreed with a no down payment.

if 50% of income goes to mortgage = 100% rate of forclosure

Answer 2

this isn't really the audience that would know that sort of info =/ I mean first off, it would depend on the area (like down here, it's the huge houses that foreclose as of late).

I can guess/assume though that at least 75% of the current foreclosures are adjustable with 0% down, because that was the trend that helped get us here

It's a wide subject. I suggest you to Google it, or i have one site About this you can Check There foreclosure related topics read and learn from there. http://www.tostopforeclosure.com/

Good luck..