Falling Behind on Payments Continues to Increase

It appears that more and more people are beginning to fall behind and that is not a good thing for the economy, the banks, or the real estate market. It seems pretty obvious, but what is really beginnin to worry many people is where does it stop? We see prices on every day items skyrocketing and at some point we have to say hold on a minute! The Lexington Kentucky Real Estate market is one of those areas that really jumps out in a positive manner. But what will be happening 6 months from now. Many analysts and we at www.InvestSmarter.com also believe that we are looking at mid 2009 before we truly will know the extent of the real estate foreclosure alerts and or short sales.

More Home Owners Can't Pay Mortgages Homeowners who are falling behind on their mortgage payments continue to outnumber those who are resolving their difficulties and staying in their homes, according to a report from the trade group, Mortgage Insurance Companies of America.Some 67,967 homeowners with mortgage insurance fell at least 60 days behind on their mortgages, compared with 40,687 who got back on track, the mortgage insurance group reported. May is the 26th straight month that defaults outnumbered improvements.Insurers are tightening standards on mortgages they insure to stem further losses. The new requirements contributed to a 48 percent drop in the number of mortgage insurance policies issued to new homeowners during May, the trade group says.Source: Bloomberg, Erik Holm (06/30/2008)

So stay on top of the market and what is happening on a daily basis. Take some time to look through www.lexington-kentucky-real-estate.com today and get a good feel for the trends and stay on top of the basics to make sure you don't get caught like the other people above!