— Admin @ 12:58 pm — 
February 13, 2010Looking at the numbers of foreclosures for 2009 is sobering. What is even more disturbing is that they had peaked in July of 2009 and then began to decline only to rise again in December. In fact the number of foreclosures rose by 14 percent in December 2009 compared to November 2009.
For every forty-five homes in the US there is one in foreclosure. For 2009 there were 2.8 million homes that experienced foreclosure filings. These foreclosures have occurred despite government’s attempt to help people who could afford their homes under normal conditions. The federal government’s loan modification program has approved 700,000 mortgage restructurings that lowered monthly mortgage payments. Without this program there would easily have been over 3 million foreclosures in 2009.
There are several states that have been hit worse than others. Cal