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Foreclosure Article

“…Nationwide, foreclosure activity – which includes mortgage defaults, foreclosures and auctions – has been rising for 43 consecutive months and isn’t likely to slow down until 2011 or later, according to Rick Sharga, senior vice president of RealtyTrac, and Irvine-based real estate data company.

Between $60 – $100 billion in “Alt-A” and option-adjustable-rate mortgages are beginning to reset, with the bulk of them hitting homeowners in the second quarter of 2010, Sharga said…”

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Written by Keith Byrd - Go to Keith's Website/Profile