40% Of Homes Did Not Need To Go To Foreclosure
The financial crisis is really starting to become lucid that the phrase “U.S. Housing Crisis” is nothing less than just that and maybe a little deeper. It’s not some overblown Media stunt to hoax the people and give government a opportunity to play superhero for some Great Cause which has emerged from the struggle. No, this is not a joke, not an over extended exaggeration, this is a really devastating time in U.S which has not truly unfolded. If you are one of the majority in the U.S and struggling, you are definitely not alone. The statistics are dark.
The Mortgage Bankers Association numbers as of August 20, 2009 show nationally 8.22% of all loans are in default (30+ days late) and 4.3% of all notes are in foreclosure. That means out of 45 million mortgages 13.6% are in distress. The even more disgusting|disgraceful| thought is the statistic which states that over 70 percent of Homeowners in distress go into Foreclosure without putting up a fight. If you have a family and you are responsible for their well being, how does one just ignore the impending doom of Homelessness? I myself have been in the same scenario and could not sleep at night much less not do anything.
The time I have spent working for the Law firm I have identified several judgment errors that are common among mortgage holders at risk of losing their house to foreclosure. many times they are their own worst enemy, over analyzing the situation so much it makes them concerned to act because they are in fear of making the wrong decision. I can give you my sincerest thought when I tell you that the sometimes when we not to get screwed we end up completely screwing ourselves. We can be our own worst enemies. Remember, Analysis equals total Paralysis which inevitably leads to an bad conclusion.
In the Best interest of anyone who may read this, if there is only one message I can pass on to a Homeowner or Family in distress it’s Never Give Up, never loose hope, and try your best to do everything you can, exhaust every possible option and most importantly try and seek out the help of qualified Legal Council. The only thing that a Person who says they can and a Person who says they can’t have in common is that they are most likely both right! I wish the best of luck and good fortune to anyone who may be facing or suffering though one of so many truly unfortunate hardships and tragic situations that are becoming so common among todays Families and owner.