By Alicia Lanier, REALTOR
Here’s a new housing record that we didn’t really want to have set: At the end of the year 2008, about one in every eight households in the U.S. was behind on home loan payments or actively in foreclosure, says the Mortgage Bankers Association. And, with unemployment at its highest rate since the early 1990s – and rising – it’s likely to only get worse.
Are you worried about paying the mortgage on your home? The Federal Reserve Board has 5 Tips for Protecting Your Home from Foreclosure, including …
- Don’t ignore the problem
- Do your homework before you talk to your lender or housing counselor
- Know your options
- Stick to your plan
- Beware of foreclosure rescue scams
Click on this link to read the entire consumer article and get other helpful weblinks.
Don’t miss the buying opportunity presented by declining prices, rising inventory and historic low home loan interest rates in the Silicon Valley. Ask me to send you, free, a list of bank-owned properties currently being offered for sale – or photos and pics of other homes for sale in your preferred area: Call 408-491-1634 or e-mail me at Alicia@AliciaLanier.com
REALTOR Alicia Lanier's Hometown Silicon Valley 