Colorado Springs and National Mortgage Breakdown

If you think you, or someone you know is the only one have mortgage problems

TOTAL U.S. HOUSING MARKET

3.3% of all mortgages in the US are in foreclosure.
7.88% are in default (30 + days late)
11.18% of all US home mortgages are in default or in foreclosure.

A+ Loans, Great Credit
1.88% are in foreclosure
5.06% are in default (30 + days late)
6.94% of all Prime mortgages are in default or in foreclosure.

Sub Prime Mortgages
13.71% are in foreclosure
21.88% are in default (30 + days late)
35.59% of all Sub Prime Mortgages are in default or in foreclosure

FHA Mortgages
2.43% are in foreclosure
13.73% are in default (30 + days late)
16.16% of all FHA Mortgages are in default or foreclosure

1.66% are in foreclosure
7.5% are in default (30 + days late)
9.18% of all VA Mortgages are in default or foreclosure


(Mortgage Bankers Association based on 45,000,000 mortgages, March 5 2009)

There are 3/1 and 5/1 ARMS that are coming due in the next couple of years, that the interest rate will double from the “start” rate.

If You or Someone You Know Needs Help, Don’t Wait, Call Me Now. Foreclosure is a stop watch running backwards.

Chuck Wartman
(719) 231.5525
RE/MAX Properties, Inc.
ChuckWartman@hotmail.com