Foreclosures More Common in 2009

As expected, foreclosures in the United States are up so far in 2009. According to a report by RealtyTrac, the first half of 2009 saw a 15% rise of United States households that are on the brink of losing their house to foreclosure.
The jump in foreclosures and near-foreclosures is tied to the economy and the rising unemployment rate. The unemployment rate is especially damaging since it’s difficult to get another job in a timely manner due to companies cutting jobs across the board. As a result, many families have lost their homes prior to being able to find another job.
In …read more