Yet another reason the 203K Rehab will play an important role with respect to the real estate sales marketplace.

Of the 29.9 million home loans held within Fannie Mae’s and Freddie Mac’s active books of business at the end of the third quarter 2010, 2.2 million were delinquent, with nearly 1.3 million falling into the seriously delinquent bucket of 90 or more days past due or already in foreclosure.

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Foreclosures Outnumber Modifications More than 2 to 1 in Q3

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