Short Sale, Foreclosure and Strategic Default


Tuesday, September 30, 2008

How bad is the mortgage crisis in CA and FL

From investment news I read that

California has 445,678 subprime loans with an average balance of 327,081 dollars, the average loan is 31 months and 49.5% are w/current payment.

California has 699,337 alt a loans with and average balance of 441,665, the average loan is 29 months old and 76.6% are current.

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