It"s a situation facing hundreds of thousands of people and the numbers are growing rapidly. Foreclosures aren"t just happening to people who over-leveraged themselves and got into risky loans. They are happening to homeowners who are getting divorced, facing health issues, needing to relocate for a job, and numerous other reasons. Regardless of how you may end up falling behind on your mortgage, knowing what to do next is critically important.
It isn"t often that the National Association of Realtors (NAR) seeks an expansion of federal regulatory powers and activities, but when it comes to predatory lending, an exception to the rule prevails.