Foreclosures Increase for Prime Borrowers

Since the beginning of the mortgage crisis, many experts have blamed the explosion in foreclosures on risky sub-prime loans.  But USA Today reported recently that the rate of foreclosure for prime borrowers has been increasing, mainly because of rising unemployment rates.  To read the rest of the article, CLICK HERE.

If you or someone you know is facing foreclosure, contact a HUD-certified housing counseling agency to seek help.  To find one, call United Way’s 2-1-1 Referral Service at (800) 427-4626.

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