What does one in every 1,058 homes in the U.S. have in common? This is the national foreclosure rate, as of January 2014. In some states, this number is even higher. It’s easy to judge and assume that foreclosure is the result of “buying bigger than your budget,” but in reality, some of the most common causes of foreclosure aren’t foreseeable when people agree to their mortgage. Job loss, death, divorce, adjustable rate loans, and ongoing health issues are some of the top reasons for foreclosure.
Do you need help with home foreclosure? Are you unsure about the foreclosure process, and what you can or should do? Here are a few tips to help you through.