Three factors are coalescing to form the perfect storm for foreclosures in the residential real estate market: (1) increasing interest rates, (2) decreasing real estate values and (3) an abundance of variable rate mortgages. For example, the number of foreclosures in San Joaquin County, California increased by 90% for the second quarter of 2006. Chapter 13 bankruptcy can be used to catch up mortgage arrears. For more information, go to our website.
Foreclosures jump 90% in San Joaquin County
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