Monday, October 5, 2009
Due to unemployment, mortgage default is rising throughout the nation, leading homeowners to bankruptcy and foreclosure. Nearly 7.58 percent borrowers are in one month in default on their loans in August, an increase from 7.32 percent in July. Many Americans are facing bankruptcy filings in August which has increased by 32 percent from filings in August last year. Many borrowers who were unable to restore their home loan accounts to current status are forced to see their properties go into the home foreclosure process.
posted by Avoid foreclosure, We buy houses, Stop foreclosure
@ 7:04 AM
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