real estate development attorney
In addition to the increase of foreclosures in recent times, sales of homes have also revealed massive price drops in many areas. While some regions in the nation are experiencing price hikes, the prices have dropped even more. Owners of homes in the most expensive areas are forced to sell their homes because they cannot afford their mortgage payment. The increasing value of real estate allowed homeowners to borrow money and refinance mortgages. Today, however, these properties may be in foreclosure, leading many to feel powerless and in need of help.