I'm sure everyone knows by now about the real estate crisis going on all across the United States. Bank foreclosures and pre-foreclosures are at record highs and both the home owners and banks are in trouble because of it. It's a material tragedy that many people, most with good intentions, could lose their houses. Some homeowners face bank foreclosure just after missing one or two payments. It's the reverse side of the American Dream.
government auction reviews
The real estate market has been suffering great losses in the United States due to bank foreclosures. Both bank foreclosures and pre-foreclosures are at all time highs and the homeowners and lenders are both suffering from it. Many honest, hard working American homeowners are suffering financial crisis due to the collapsing economy and are losing their homes at record highs. Some homeowners are forced to face bank foreclosure after getting behind on just a couple of payments. The ridiculously high interest rates and outrageous late fees are making things worse for both sides. How can the banks expect to get any extra money from the homeowners who are struggling just to pay the minimum payments?
Government Foreclosures – Buying Real Estate has Never Been Better ...
I'm know you're in tune to the worries of recession and the real estate crisis going on in the US. This has caused a flooding of foreclosures that is surpassing previous highs. Although you still see older foreclosed homes in run down areas, what's different during this crisis is the quality of forclosed homes and neighborhoods they reside have drastically improved. Even some of the nice estates in wealthy neighborhoods can be found at government auctions for prices much lower than market value.