Real Estate

An alligator property is an investment property that costs its owner more than it brings in. It’s called an alligator because—you guessed it—it will eat up the owner’s profits unless you can regain a balance between cost and income.

Home loan foreclosure rates are at a record high according to the Mortgage Bankers Association in United States. MBA said that "0.65 percent of the total home loans were foreclosed which is 7 basis points higher than Q1 and 22 basis points higher from a year earlier. It was the 3rd quarter in a row in which foreclosure rates rose to a record setting level and the worst if likely still ahead".