Owning a home is often considered a significant achievement and a cornerstone of financial stability. Save your Medford home from foreclosure by implementing the following steps below. However, unexpected circumstances can sometimes arise, putting homeowners at risk of foreclosure. If you find yourself facing this distressing situation in Medford, it's important to know that there are actions you can take to save your home. Act promptly and communicate: The key to resolving a foreclosure threat is taking immediate action. The first step is to reach out to your mortgage lender and inform them about your financial difficulties. Explain your current situation honestly and openly. Many Continue Reading about Save Your Medford Home From Foreclosure
Foreclosures
Foreclosure Activity Increases Nearing Pre-Pandemic Levels
Foreclosure starts close to pre-pandemic levels nationwide Lenders started the foreclosure process on 67,249 U.S. properties in Q3 2022, up 1 percent from the previous quarter and up 167 percent from a year ago — nearly reaching pre-pandemic levels. “Foreclosure starts, while rising since the end of the government’s foreclosure moratorium, still lag behind pre-pandemic levels,” said Rick Sharga, executive vice president of market intelligence for ATTOM. “Foreclosure activity is reflecting other aspects of the economy, as unemployment rates continue to be historically low, and mortgage delinquency rates are lower than they were before the COVID-19 outbreak.” States that posted the Continue Reading about Foreclosure Activity Increases Nearing Pre-Pandemic Levels
