Iowa Prepares for Foreclosure Increase
Wednesday, April 11th, 2007It is bound to happen, according to experts. Although Iowa has a small percentage of subprime loans (2.9%), the state can expect its foreclosures rate to rise as ARMs reset this year. Many homeowners are talking things out with their lenders hoping to shift from the variable interest rate loans to fixed rate as well as considering re-financing or loan re-structuring, to avoid Iowa foreclosures.
