Foreclosure Crisis Worsens

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The Consumer Law and Policy Blog has posted an article dealing with an increase in foreclosure related problems.

The article says that… “while foreclosure filings have not increased, every other category, including total loans in foreclosure and total loans more than 90 days past due, increased and continues to set new records. In case anyone had any doubts, subrime adjustable-rate mortgages are a failed product. A whopping 48% of these mortgages nationwide are delinquent or in foreclosure.”

If you are facing foreclosure and have questions or concerns, feel free to contact us.

Another resource for you is to join our Facebook Fan Page – Alabama Consumer Protection Attorneys where we share useful information about the same types of issues that we cover in this blog.

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