The real estate market has vastly changed from the 90’s and 80’s. With the introduction of the Internet, more people have access to listings than before and more power in choosing their real estate agent. Selling has also vastly improved.
It is hard nowadays for homeowners to get their primary mortgages modified while secondary mortgages are a source of debt. Furthermore, many homeowners are being falsely accused of not paying mortgage payments on time, which lands them in foreclosure. Banks are not doing enough to help their customers.
After the housing bubble broke, the United States started to go through severe economic crisis before Obama took office in 2007.
After people go through a foreclosure, the last thing on their minds is buying another foreclosure. However, it is possible if one makes the right decisions. There are cases, such as the Edwards’ in California, where people are able to buy another house after foreclosure.
The nations leaders in online real estate foreclosure listings information delivery.
