~ WOW!! How Many Folks Have “Lost Their Homes” to Foreclosure/Short Sales/DILs? ~

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

~ WOW!! How Many Folks Have “Lost Their Homes” to Foreclosure/Short Sales/DILs? ~

~ From the article:

CR: This is an interesting question and hard to answer ... the following is from economist Tom Lawler ...

How Many Folks Have “Lost Their Homes” to Foreclosure/Short Sales/DILs Over the Past Few Years?

According to Hope Now estimates, completed foreclosure sales (rounded) were about as follows over the past few years.

Year Completed Foreclosure
2007 514,000
2008 914,000
2009 949,000
2010 1,070,000

While these numbers are disturbingly high, they are not nearly as large as one would have expected given the surge in seriously delinquent loans and loans in the process of foreclosure. For the latter, here is a chart based on data from the MBA’s National Delinquency Survey, which covers “over 85%” of total 1-4 family first-lien mortgages.

~ The article from the website:

[link to www.calculatedriskblog.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~