Category Archives: Foreclosure Prevention

While fewer homeowners are behind on their mortgage payments, the number in default is still well above average, reports the New York Times. By the end of 2011, one in every eight U.S. homeowners was either in trouble with their mortgage or already in foreclosure. People tend to miss their first payment deadline due to… Read More »

The good news is that the rate of new mortgage delinquencies has slowed. The bad news is that many Tennessee residents are still behind on their house payments. Just over 7.5 percent of Americans were delinquent at the end of 2011, down from 10 percent in 2010. However, that still adds up to a lot… Read More »

We’ve all been there before. Our car breaks down and needs expensive repairs, we get a larger-than-anticipated medical bill, or some other unexpected expense pops up – and we wonder if anyone will notice if our bills are a little bit late this month. But when it comes to the mortgage, a late payment almost… Read More »

It looks like a recent drop in Tennessee foreclosures was just a brief calm before the storm, according to The Tennessean. In 2011, approximately 11 percent of Nashville area home sales were related to foreclosures – a one-third decrease from the previous year. Now the number is expected to rise to as high as 15… Read More »