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Foreclosure is certainly a word most homeowners don’t want to hear, especially since the financial crisis of 2008; unemployment rose and home values plummeted. But what happens when you’re actually faced with it?
First, foreclosure is what happens when…
In September, 2009, we discussed the possibilities for the government’s help in addressing the ravages of a natural disaster. Then, we didn’t stop to envision the possibility that insurers would simply back out of certain catastrophe coverage markets. Yet, that is just what is happening in Florida, right now.
For those homeowners who are drowning in mortgage debt and prefer not to go into foreclosure, there is the option of bankruptcy.
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