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.