Skip to content

All Pro Property Management Services | Wall Street Storage | All Pro Storage | All Pro Realtors

Menu
  • Home
  • All About All Pro Group
  • Currently Available Homes for Lease
  • The Divisions of All Pro Group
    • All Pro Property Management Services
    • All Pro Realtors
    • All Pro Storage
    • Wall Street Storage
  • Our Reviews
    • Leave a Review
  • Contact Us
  • All Pro Group Blog
Menu

I’m SO Glad I Don’t Live in FL, CA, AZ, or NV!!

Posted on November 23, 2009 by Sierra Brewer

The latest foreclosure and delinquent loan rate information for the country as provided by the Mortgage Banker Association or MBA is out and unfortunately it isn’t good. Overall, 14.41% of ALL U.S. mortgage loans are either at least one payment delinquent or are already in foreclosure. This is a new record that exceeds any value recorded since the quarterly MBA report was first delivered in 1972. Another way of looking at this is that 1 in 7 mortgages are in at least some form of delinquency. Of course, a 1 month delinquent mortgage loan is quite different from a 90+ day overdue mortgage loan but that rate is at record heights as well. Almost 5% of all residential mortgage loans nationwide are in a 90+ day delinquent situation.

As usual, the worst offenders are the states that had the largest run-up in prices during the housing bubble of the first half of the decade. Florida, California, Arizona, and Nevada top the list for delinquent loans and foreclosures with 43% of all new foreclosures started being from one of these four states. In fact, 25% of all Florida loans were delinquent or in foreclosure as of the end of the third quarter. While the pace of delinquencies is challenging here in the Smoky Mountains at least we aren’t that bad off. If you are looking to buy a Gatlinburg, Pigeon Forge, or Sevierville cabin, chalet, or residence however there are lots of opportunities. For a free list of all foreclosure and short sale properties listed by any area firm just click here. For free professional advice regarding purchasing or selling Gatlinburg area real estate please contact us!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Another happy client! Watch the 2 minute video below to see the very happy ending! It is why we love what we do.

Sorry, your browser doesn't support embedded videos.

Blog Archives

All Pro Mascot – Blue the Wonder Dog

Our Faith is Our Founding Principle

He>I

Meet Our Founder!

Jeff Schoenfield is the Broker/Owner and Founder of All Pro Group

Meet Greg Fernatt!

Greg Fernatt, Our Managing Partner in All Pro Property Management Services

Meet the Office Staff

Find Us

Address
635 Wall Street, #2
Sevierville, TN 37862

Hours
Monday—Friday: 8:30AM–5:00PM

Contact:
Email Us
Voice: 865.325.1444
Fax: 865.436.0403

©2021 All Pro Property Management Services | Wall Street Storage | All Pro Storage | All Pro Realtors | Built using WordPress and Responsive Blogily theme by Superb