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How many are affected
How many are affected
1 in every 200 homes will experience some stage of foreclosure in the U.S. That means that half a percent of the U.S. homeowner population will receive a letter from their lender at some point with some very hard to swallow truths. Every lender does it differently but they all have one thing in common, a "drop-dead date" when they will not allow you to make any more decisions about your home. Yes, it sounds as bad as it actually is, usually 3 to 5 months after any portion of payment is late or missed.
Take a breath, it happens, and we will get through this together.
How much do I give up by letting the bank foreclose
How much do I give up by letting the bank foreclose
We are sitting at an all time high of about 18.7 trillion dollars in equity, give or take a trillion(I know right). This is where your untapped cash can really help when you need it.
Mortgage rates dropping combined with the best time of year to buy and sell have created a perfect storm of hungry buyers.
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