Are you more likely to catch the flu or face foreclosure?
Continue Reading Add comment April 23rd, 2008
It depends on where you live. In Nevada, the odds of losing a home to foreclosure could soon be about the same as getting the flu if predictions in a new Pew Charitable Trusts report come true.
One in 11 Nevadans will be in foreclosure within the next two years as a result of subprime loans made in 2005 and 2006, Pew Charitable Trusts predicts in “Defaulting on a Dream: States Respond to America’s Foreclosure Crisis.” (The chances of catching the flu in a given year is about 1 in 10, according to the San Diego Union Tribune.)
Nationally, the group predicts that one in 33 current homeowners will be in foreclosure within two years. Go to page 10 of the report to see what the foreclosure odds are in your state.