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February 09, 2010

Home Foreclosure

Home foreclosure continues to plague Americans, with one of every 385 homeowners receiving notice of default in 2009. By now, everyone knows that Wall Street, subprime lending practices, and skyrocketing unemployment has clouded the American Dream of homeownership. The question remains, is there an end in sight?

Mortgage financiers and government agencies publish conflicting home foreclosure information. Some sources claim bank foreclosures are lessening, while others report the number of foreclosure properties will continue to rise through 2010.

Real Estate Investing article on "Home Foreclosure"