Chances are, among your family, friends, past clients and sphere, you know a homeowner or two who is having trouble keeping up with mortgage payments. Current estimates are that 6.3 million homeowners in this country are currently in some stage of foreclosure.
With more than 25 percent of homeowners owing more on their mortgage than they could net for their home in today’s market, the solutions are complicated and far beyond the scope of the curriculum that we studied to obtain…
It’s a sign of the times!
Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled.
But upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll. Since 2007, 7.9 million homeowners have lost their homes to foreclosure. Current estimates are that one in four homeowners owe more on their mortgages than they could get from the sale of…Continue