Amount of first quarter foreclosures decreases

RealtyTrac recently reported that the U.S. housing market has recovered considerably since the 2008 economic downturn. This month, the housing market observed the lowest statistics regarding foreclosure activity since 2007.

Reports said that since March, lenders acquired nearly 29,000 homes nationwide, which is a 23% decrease compared to previous years before 2007. Factors like increasing housing cost and rising homeowners with fewer defaults contributed to the recently observe foreclosure recovery.

Though foreclosure crisis in United States continues to improve, the attorneys at Greenway Bankruptcy Law, LLC understand that many homeowners in Birmingham still experience stress when financing their property. To evaluate your legal options and obtain help with foreclosure defense call our offices at (205) 324-4000 today.

Paula GreenwayPaula Greenway

Paula Greenway is a native of Birmingham and has focused her practice on consumer bankruptcy since 1996. She is licensed to practice law in all jurisdictions throughout the State of Alabama. Paula has handled over 5,000 bankruptcy cases ranging in complexity throughout her career and prides herself on being able to come up with creative solutions to her clients’ financial issues.