Though nationwide foreclosure rates in the U.S. improved by three percent in the first half of 2015, RealtyTrac recently identified 10 states that are still plagued with high foreclosure rates, USA Today reported on July 19.
According to RealtyTrac, the state of Florida still has the highest foreclosure rate in the wake of the housing crisis, followed by New Jersey, Maryland, Nevada, and Illinois. The states of Delaware, Ohio, Indiana, South Carolina and Tennessee were also identified by RealtyTrac as having high foreclosure rates. Despite these high foreclosure rates, a nationwide trend has seen an all-time low of foreclosure notices being issued–the very beginning of the process.
The lawyers of Hong Law, PLC, understand that in Cedar Rapids alone, many homeowners fear losing their home to foreclosure. If you are concerned about this happening, our team of attorneys may offer you viable options to secure the future of your family. Call our office today at (319) 294-5853 to learn more about your options.
Coralville, IA 52241
Phone: (319) 354-1804
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