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    Limbocker Law Firm provides comprehensive legal help in the areas of bankruptcy, taxation and estate planning. Attorney Brian S. Limbocker began practicing bankruptcy law in 2001. After several years as managing attorney at one of the largest bankruptcy law firms in Atlanta and the nation, he established Limbocker Law Firm. In addition to his legal degree, attorney Limbocker holds an LLM in taxation from the University of Denver.

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    This blog is written and published by Brian S. Limbocker for educational purposes only, i.e. to give information and a general understanding of Georgia bankruptcy law, and not to provide specific legal advice. The information provided by this blog should not be used as a substitute for legal advice from a licensed attorney in your state. Brian S. Limbocker is licensed to practice law in the state of Georgia only. Your use of this blog does not establish an attorney-client relationship between you and Brian S. Limbocker. Such an attorney-client relationship can only be established by execution of a contract for legal services between Brian S. Limbocker and a prospective client. Some material contained in this blog is general in nature and may not reflect the current laws of both federal bankruptcy laws and bankruptcy laws for the State of Georgia. The author of this blog does not necessarily support the views expressed in all articles contained herein and cannot guarantee their accuracy. The inclusion of material from identified sources is for educational purposes only and is not intended to infringe on the copyrights of the identified sources.

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Monday, March 22, 2010

Mortgage Delinquency rates hit record high

A report in January of 2010 said that U.S. home loan delinquencies are above 10% for the first time.  If ongoing foreclosures were included, it reached up to 13%. 

Another report issued by Lender Processing Services, Inc., estimates that more than 7.2 million mortgage loans are behind on payments and that at least 1 million properties are owned by the bank.

This information was obtained by Consumer Bankruptcy News, Volume 20, Issue 7. 

Brian Limbocker

Limbocker Law Firm, LLC
2470 Windy Hill Road SE Suite 300
Marietta, GA 30067

Phone: 770-933-5355 

http://www.limbockerlawfirm.com/  

Posted at 02:39 PM |

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