There are now 4.1 million homes either 90+ days past due or in foreclosure. Add to that homes already owned by lenders, and we have a serious overhang issue.
The good news is that the rate of new problem loans has declined in the past year by half.
What steps are relocation managment companies, clients and vendors taking to deal with the impact of this issue? Process, use of data, home marketing, policy development all require attention in light of unprecendented, and lingering, affects of our housing challenges.
Use "Comments" if you want more information, and the source of the data.
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