Home Mortgage and Refinancing

These days we’re seeing more and more homes going into foreclosure. This is due in part to the economy, and in part to the sub-prime lending fiasco of the past few years. Sometimes it’s simply due to borrowing beyond one’s means, or unexpected financial setback such as losing a job. A foreclosure is legal proceeding [...]

More and more homes have been going into foreclosure over the past year or two than ever before. One reason is the poor economy overall, but perhaps the biggest reason is the sub-prime lending fiasco of the past few years that allowed too many people to enter into mortgages they shouldn’t have or couldn’t keep up with.