Short Sale, Foreclosure and Strategic Default

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Friday, June 15, 2007

Subprime Loans Pressure Florida Real Estate

The Sun Sentinel said 11.61 percent of all subprime loans are past due and 2.15 percent of subprime loans entered foreclosure during the last three months of the year. 6.29 percent are "seriously" delinquent. (Loan past are 90 days past due.)

Additionally the fed is ready to crack down on stated income loans or so called "Liar Loans"

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