NASDAQ fell 243 points yesterday in response to a decline in the housing industry. The housing industry has been suffering with lower returns, meaning more people are unable to make their mortgage payments.

When the stock market is affect in such a large way, we can see that Foreclosure recovery is not on the horizon anytime soon. Plus with the conflicting reports on Foreclosure statistic, is there really an accurate guage of where foreclosures are now? Take a look at two respected companies who supposedly have accurate statistic and reported on recent Foreclosure numbers.

According to Reuters(1) the Center for Responsible Learning, a consumer group, predicts that 20% of the sub-prime mortgages written in the last two years will end in Foreclosure, while the Mortgage Brokers Association (MBA) predicts only 10% will. It should be pointed out that in its last report MBA shocked the industry showing a record high proportion of mortgages going into Foreclosure.

Later on in the week, MBA produced a report again showing an increase in foreclosures for the first quarter of the year with sub-prime mortgages climbing to 2.43% from 2%, and prime mortgages rising to a record 0.25%. The total number of homes in Foreclosure with sub-prime rates is now at 5.10%, up from 4.53% previously. RealtyTrac reported that foreclosures increased by 19% in May over April, and 90% over May 2006.

So who is more accurate? A 10% difference between then is HUGE. How do we know which one to believe?

No matter who is closer to the actual number, one solid fact remains: there is REAL help for those wanting to stop Foreclosure on their homes, not some fly-by-night company that claims to stop foreclosures, but does so by putting the home owners through short sales or other real estate investment options.

If a home owner has the desire to remain in their home and has the means to keep it, Freedom Foreclosure Prevention Services has the knowledge, experience and resources, to help home owners realize their dream of getting back on track.

If you are facing Foreclosure, get a free, no obligation analysis at StopForeclosureFFPS.com
If you are a real estate professional who wants to help FFPS stop Foreclosure, learn more at PreventForeclosure.net

Jim Hutchinson

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