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Topic: Federal Housing Finance Agency

Montgomery County foreclosures rise

 
Montgomery County Foreclosure information from RealtyTrac®

Montgomery County Foreclosure information from RealtyTrac®

RealtyTrac(realtytrac.com), the leading online marketplace for foreclosure properties, reported that Montgomery County foreclosure filings were 93 in August, up from 66 in July.  This is the highest monthly number this year.  One in every 691 housing units in the county received a filing notice in August. This is only slightly better than Tennessee with one in every 647 homes receiving a foreclosure filing.

Poor economic conditions and high unemployment have contributed to a Mortgage Bankers Association estimate that more than one in seven homeowners is currently facing foreclosure (or at least one payment past due).

Homeowners facing foreclosure have options.  Some of these options are loan modifications, refinancing, deed-in-lieu of foreclosure, rental, or the short sale. «Read the rest of this article»

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