Can anyone actually tell me what percentage of American. . .?

homeowners actually have lost their homes to foreclosure?

Is it as low as the Unemployment rates?

Can anyone actually tell me what percentage of American. . .?yes loans

It%26#039;s an estimate 1.5 million people losing homes due to foreclosures and breaks down to roughly one filing for every 557 homes.

There were 2.2 million filings in 2007 and January%26#039;s (2008) statistics show around 225.000 filings meaning we%26#039;re on track for even more this year. More than 1% of all households were in some phase of the foreclosure process last year, up from just over 0.5% in 2006.

We%26#039;re probably looking at about 1.2 - 1.5% or so at the moment.

Edit: In regards to your additional comments... I don%26#039;t believe it has anything to do with the dip in 2002. If you view the purchase power of the dollar in 2002 vs 2007/08 and factor how that translates into the increased cost of living (fuel, food, etc.) I think you%26#039;ll find that it has more to do with financial instability over the years. This isn%26#039;t to make excuses for people who over-extended their credit but certainly borrowers knew the credit was over-extended and saw dollar signs so didn%26#039;t care. Basically it%26#039;s a lack of oversight in financial areas and national economics.

Can anyone actually tell me what percentage of American. . .?

loan

It was something like 2% off the top of my head.|||too many|||Well I dont know the %. I do feel sorry for alot of people losing their home due to unemployment, etc. But alot of it is that people were buying homes they know they couldn%26#039;t afford and the banks were letting this happen. When people buy/refinance they need to know if they can afford it or not.|||Ironically, its the exact same percentage of people who bought homes they couldn%26#039;t afford.|||it varies by location, Neveda , averaging 1 in 154 homes, and California being at 1 in every 258 homes.

But that is a big problem when the people who pay the lobbyists in Washington start to feel the economica problems. if only the poor continued to feel the problem, it would continue to get ignored as usual.|||I%26#039;ve heard it is only about 1%.|||It%26#039;s about 2% across the US although there are hard hit areas in Vegas, Florida, California,

Ohio.

It%26#039;s not from unemployment. that has been steady. It%26#039;s mainly from people speculating that housing costs would continue to climb and variable mortgage rates would stay low.

There are also a lot of people who racked up second mortgages to pay off credit cards, jacked the credit cards up again and now can%26#039;t pay anything.

Do we really want to bail out speculators and people who can%26#039;t put their credit cards away?