WASHINGTON ยท Home foreclosures are up, in part because of defaults on riskier subprime loans, putting many communities at risk. But, if past surveys continue to prove true, many financially troubled homeowners will never contact their lenders to work out a way to keep their homes.
Wyoming’s property foreclosure rate is among the lowest in the nation.
A homeowner hoping to trade up tries to learn the ropes and avoid the pitfalls of buying a repossessed property on the courthouse steps. Many see trouble in falling home prices and rising foreclosures.
A portion of the foreclosure case regarding three of developer Gary McCartin’s properties has been resolved, and McCartin said the remaining debt and legal issues should be settled soon.
The good news: For the past few months, Weld County has not had the embarrassing distinction of leading the nation with its foreclosure rate.
Contact:
Copyright © 2005 Foreclosures Expert.com All Rights Reserved