Foreclosure rates improving in the U.S. even in lagging states

Although the United States as a whole has continued to see decreasing levels of foreclosure, there are a handful of states that still have relatively high foreclosure rates, according to data from RealtyTrac reported by USA Today.

The state of Florida reportedly still has the highest foreclosure levels across the nation, even though it improved by 22 percent in 2014. Foreclosure levels reportedly are also high in New Jersey, Maryland, Nevada, Delaware, Illinois, Ohio, Indiana, South Carolina, and Tennessee. The mentioned states reportedly have prolonged foreclosure procedures that tend to last for a year or more before concluding. Though fewer homes nowadays are entering foreclosure, property owners who are still stuck in the process are often left struggling.

In this difficult situation that your home is being threatened with foreclosure, enlisting an attorney is crucial to finding legal solutions that will save your home. Get in touch with the Birmingham lawyers of Greenway Bankruptcy Law, LLC, today at (205) 324-4000 to learn more about your options.

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.