Pennsylvania State Profile

Pennsylvania continued a steady job expansion in 2005 with gains across salary ranges. Pennsylvania experienced a steady pace of job growth during 2005. During the fourth quarter, all of Pennsylvania's metro areas experienced positive job growth except for Altoona and Williamsport...

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Finding Opportunity in the Pennsylvania Real Estate Market: Pre-Foreclosures

In any real estate market -particularly in areas in which home economic value are facing downward pressures (i.e., high unemployment levels, overpriced housing markets, or high levels of adjustable-rate mortgages), a certain percentage of homeowners will be in default of their mortgage payment or facing foreclosure.

Mortgage loan default can occur dues to many reasons: job loss, divorce, health issues. Several mortgage lenders practices have added to default rates due to the debut of mortgage products that were projected to lower monthly loan payments and to help borrowers qualify for larger loan amounts, while others required little in the way of documentation during the approval process. These riskier loans have made it easier for some people to get mortgage loans, but they also can raised the possibility that some borrowers may end up in foreclosure...

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