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Yes, IN foreclosure - this doesn't include loans entering into the process.
http://www.mortgagebankers.org/Newsa...nter/58758.htm
If 35% of all homes have no mortgage - can't easily find documention due to all the damned sponsored links on Google - and there are roughly 75M owned homes in the US, this calculates out to: .65*75M*.0169 = 823000 foreclosures.
http://www.census.gov/prod/2006pubs/h150-05.pdf
And we haven't even most of the 'big' reset points yet!
http://www.mortgagebankers.org/Newsa...nter/58758.htm
If 35% of all homes have no mortgage - can't easily find documention due to all the damned sponsored links on Google - and there are roughly 75M owned homes in the US, this calculates out to: .65*75M*.0169 = 823000 foreclosures.
http://www.census.gov/prod/2006pubs/h150-05.pdf
And we haven't even most of the 'big' reset points yet!