The Snowball Effect of Foreclosures

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Real Estate Agent with Remax Excellence - Silver Spring, MD Maryland #318884

The Center for Responsible Lending released a report last week titled, "Collateral Damage:  The Spillover Cost of Foreclosures."  This report gives valuable insight on the effect a foreclosure has, not just on a homeowner, but on a community as well.

·         Between 2007 and 2011, 10.9 million homes went into foreclosure.

·         Homeowners who lived within close proximity of these foreclosures lost a total of...Continue Reading The Snowball Effect of Foreclosures

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Tags:
montgomery county foreclosure
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

The Collateral Damage from irresponsible lending and borrowing can be devastating, the best we can do now it move these homes into the hands of investors and new responsible homeowners quickly before more damage occurs.

Nov 01, 2012 10:59 AM #1
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Emcee M. Arah

Realtor w/Architectural Dimension, AHWD CRS B-Arch
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