Although more homes were foreclosed in May than pre-recession levels, it is still nearly half the number of foreclosures that occurred in 2011, according to the Orange County Register on July 14.
According to CoreLogic data, approximately 7.8 million homes across the nation have been foreclosed in the last 11 years. This past May is the most recent month with data available; during this month, 41,000 homes in the U.S. were experienced foreclosure. CoreLogic also revealed that 491,000 homes nationwide are currently in different stages of the foreclosure procedure. Despite these seemingly large numbers, May of 2011 saw the foreclosure of 77,000 foreclosures.
The legal team of Greenway Bankruptcy Law, LLC, understands that in Birmingham alone, many homeowners are at risk of losing their homes to foreclosure. If you are in such a situation, our lawyers may be able to offer you legal solutions to save your home. Call our office today at (205) 324-4000 to find out how we may work for you.