Foreclosure filings nationwide in 2016 were at their lowest level in ten years according to the research bureau ATTOM Data Solutions Year-End 2016 U.S. Foreclosure Market Report.
The report shows 933,045 default notices, scheduled auctions, and bank repossessions for 2016, which is a 14% drop from 2015 and the lowest number of foreclosure filings since 2006, which had 717,522 foreclosure filings. If you remember, 2006 was 2 years before the collapse of the real estate economy, and the start of the recession.
This is definitely a great trend. Our entire team at Homeowner Protection Alliance is proud to state that we assisted in the protection of over 600 homes in 2016. Unfortunately with all the bad press and false news propaganda being spread by mortgage companies who fear organizations like us, many more homes could have been saved, but those homeowners decided to wait for the mortgage company’s answer, and more times than not the mortgage company simply delayed and stalled the homeowners until it was simply too late.
If you are waiting for your lender, mortgage company, or mortgage servicer to give you an answer, give us a call. Don’t just sit and wait and think a miracle will happen. Your mortgage company is simply too overwhelmed to help you organize your paperwork and applications correctly. You need our help.
If you are already in foreclosure or have a sales date, you require legal assistance. Homeowner Protection Alliance is not a law firm and will never give legal advice, however we can search for an accredited, highly rated and licensed attorney or law firm to assist you.
Call us today to discuss how we can include you in the 600+ homes we will protect in 2017.