Foreclosure Crisis Persists as Credit Obstacles Remain

ABC News reported a few months back that mortgage delinquencies among good credit borrowers quadrupled in 2008. The lack of home equity and available refinance programs have played a major role in the fall of the prime credit borrower. 

Most real estate and home financing evaluators believe next wave in the foreclosure crisis will continue in 2009 and possibly even 2010.

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