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"Why wait for me to be in foreclosure?" he asked.
If it's 90 or more days late, the property may already be in foreclosure proceedings, Mr. McHugh said.
Mark Zandi, chief economist at Moody's Economy.com, predicted that 20percentt of all subprime mortgages made in 2006 will be in foreclosure by 2011.
The way mortgages are bundled and resold, it can be enormously time-consuming just trying to determine what company holds the loan on a property thought to be in foreclosure.
Neverland, of course, was a single-economy fairground, and once Jacko's career itself appeared to be in foreclosure, the revenue stream required to finance its operating costs - and to indulge his out-of-control statuary addiction - was deemed to have dried up.
They may not yet be in foreclosure, or they may be in the early stages.
Similar(50)
None were in foreclosure.
Their home is in foreclosure.
It, too, was in foreclosure.
The property was in foreclosure.
Being in foreclosure usually means being broke.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com