About 1.2 percent of current mortgage balances transitioned into delinquency, the lowest rate seen since 2000. (newyorkfed.org)
For this to occur, the mortgagor must pay off the whole current mortgage balance, plus all fees and penalties incurred by the foreclosure. (foreclosureuniversity.com)
I try to avoid asking questions because it takes time, but I am very interested in the questions and answers, and will also ask a question if I think it's important and nobody else has ask it (e.g. current mortgage balance and home value). (lendacademy.com)