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Featured Real Estate Article

Job Loss & Medical Bills Main Cause in Foreclosure

Job Loss & Medical Bills Main Cause in Foreclosure
Job Loss and Medical BIlls were the main causes of foreclosure in a study from the Pennsylvania Association of Realtors. The survey of homeowners that had dealt with foreclosure in the past year gathered information on foreclosures in Pennsylvania, but it also highlighted a national foreclosure trend. The economy, more than bad lending, seems to be the main cause of foreclosure. Homeowners dealing with job loss and unexpected expenses, due to the tough economy, are the ones heading toward foreclosure.

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