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June 03, 2006
Foreclosure On Thousands Of Florida Condos?
Recent Florida mortgage data suggests that mortgage brokers may have sold too many easy-qualification loans.
More than $106 million in home loans collapsed in Palm Beach, Martin and St. Lucie counties in the first quarter of this year alone, according to a Palm Beach Post analysis of data collected by RealeSTAT.com, a local commercial firm that gathers foreclosure and default records. A little more than $68 million in mortgages defaulted in the first quarter of 2005.
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Posted on June 3, 2006 09:39 AM by Mortga104.
Filed in Mortgage Calculator under mortgage brokers.
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