Wenke asserts that foreclosures are just stages in a vicious cycle and affected by unemployment. Koste adds that foreclosures are more frequent among entry-level housing market. Wenke insisted adjustable rate mortgages, whose interest rates are starting to rise, will mean even more foreclosures in coming months. However, Cherrywood Properties’ Ben Fielder claims that it is unfair to categorize [...] That translates to a ratio of one of every 494 households in foreclosure. Colorado has the distinction of having the highest number of foreclosed homes in the nation for the second consecutive month.
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