Are you worried about your home? Are you on the brink of foreclosure?
You’re not alone. Many households in the United States share you circumstances. In fact, more than 1 million American households are likely to lose their homes to foreclosure in 2010 – a number estimated by lenders working through the backlog of people who missed, fell behind, or stopped making payments towards their home loans.
We’ve entered the second half of the year already, and the foreclosure problems are hardly behind us. According to RealtyTrac Inc., a foreclosure listing service, 2009 saw a total of about 900,000 foreclosed homes. If you winced at that number, you’re in for a bigger surprise! The first half on 2010 recorded a whooping 528,000 homes reclaimed by lenders, eight percent ahead of last year’s numbers. With another five months to go this year, these numbers will escalate further.
Overall, about 1.7 million homeowners received foreclosure-related notices in the first half of 2010, which equates to one in every 78 homes in the United States!
Many financial institutions are using active measures to regulate the current situation. New delinquent payers are not facing foreclosure just yet. Banks are allowing people to stay in their homes for an extended period of time to diminish the surge of foreclosures hitting the market. On the other hand, lenders have been working hard to reach out and clear all the backlog of bank-owned properties on the list.
Do you think you might be facing foreclosure soon? Do you need to sell your house fast? We can help. In the past five years, Express Homebuyers has bought and sold over 800 homes within the DC metro area. We are ready to assist you. If we can’t sell your house in 60 days, we guarantee to buy it from you, no matter what the condition.
Just call us at (571) 556-3467 or visit our website to chat with a representative.