The housing market is not out of the woods yet.  Analysts expect the housing market to recover soon, however, the inability of homeowners to make their mortgage on time is holding down home prices across the nation.   About 8 percent of all homeowners in America are currently behind on their mortgage and endanger of foreclosure.  You can read the full article below.

Housing Woes Impede Recovery

If you are trying to stop foreclosure on your home, we can help.  We have helped many home owners in the Triad who are facing financial distress.  Contact us today if you need help.  We can help sell your home fast in Winston Salem and other surrounding areas of the Piedmont Triad.

The Associated Press reported yesterday that the foreclosure trend is slowing. They claim the end of the crisis is in sight.  That may be the case, but it will most likely be a slow, steady process.  The report is basing there theory on cities like Las Vegas, Phoenix, and Miami having a decline in delinquent mortgage payments.  However, there are statistics that show the housing market is still troubled because of the high number of distressed properties.  More than 15% of homeowners have had a late mortgage payment, which is a record.  Even more troubling is almost HALF of those people are three months or more behind which is up form the average of 20%.  These numbers indicate that many more homes could face foreclosure.

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