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Are Foreclosures on the Rise?

According to USAtoday.com, foreclosure starts are up 6% from June. Also, foreclosure filings, which include default notices, auctions and bank repossessions, increased 2% in July.  Overall, foreclosure activity in July affected almost 131,000 homes. This is 54% above the average before the 2006 housing bust.

Lastly, foreclosure starts increased in 15 states from over a year ago.

Read more here: http://www.usatoday.com/story/money/business/2013/08/15/foreclosures-florida-california-judicial/2653807/

If you home is underwater and you are struggling to make mortgage payments, contact a debt settlement attorney who can counsel you on the best option to avoid foreclosure.

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Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.