Foreclosure has been in the news a few times lately. First, Black Knight Financial Services released a new report. They found that rates of foreclosure dropped to their lowest level in ten years last month. While this is certainly good news, and a reflection of the recovery we’ve seen in the real estate market since the great recession, it didn’t do much for the nearly 400,000 Americans currently facing foreclosure.
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Category Archives: Foreclosure
When things go bad, sometimes they go really bad, especially with money. When money sources dry up for whatever reason, it always seems monthly payments go up not down. Sooner or later, if things do not improve, the mortgage on the house becomes more and more difficult to pay. Here are 3 ways to avoid foreclosure on your record.
Being informed is one way to ease your anxiety. Before we look at the foreclosure process let’s look at the technical definition of foreclosure.