9.2% of All U.S. Mortgages Were Behind in May
According to LPS (Lender Processing Services), the national delinquency rate for mortgages in May was 9.2%, up 2.3% from April.
A mortgage is considered delinquent when it is more than 30 days late.
This means that 7.3 million homes in the U.S. are in some stage of default or are REOs (real estate owned, bank owned or foreclosure).
The numbers are getting larger, not smaller, and this means more and more people need to understand their options as 7 of 10 people who are foreclosed upon, do not seek professional advice.
Please don’t be part of the majority in this situation. You do not need to suffer in silence waiting for the “inevitable”.
If you are in default, please don’t allow the foreclosure to simply happen. Please seek advice. If you are in Southern California, please see www.helpingsocalhomeowners.com or call me at 714.319.9751 to discuss your options.