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Property foreclosure mess: Much bigger than you thought Published by Scott Voorhis 12,: AM For anyone thinking the worst in the foreclosure crisis is without a doubt behind us, get up and smell this coffee. Or even better, take a look at a lot of the numbers Amherst Securities' Laurie Goodma amount of kilojules in a chocolate bar n will be crunching. Goodman, who took part in a very panel discussion on the real estate market I moderated a couple weeks ago at the Global Hotel in Boston, contendsaround homes is often in foreclosure and / or facing potential foreclosure trouble down the road. That's a whopping. million homes, or about percent with the market, she told members with the Boston Security Analysts Society, which organised the discussion. It's really a number that arguably offers a more comprehensive versus the conventional default speed -. percent in line with the Mortgage Bankers Association. And it clashes with conventional thinking in a very banking industry bracing designed for another million house foreclosures, not double and also triple that range. Here's a hyperlink to a recent state by Goodman together with Amherst that lays out the results. Goodman's forecast takes into account a high price of re-default with struggling homeowners doing various, government-sponsored mortgage loan modification programs. bank cards In debt grand on cards. Interest rates jacked to percent and myself looking to pay. Can I leave and close them off and relinquish to collections or even what?