Home Foreclosures Keep Rising: 6 Reasons Why

Early last month,in the post, Foreclosure Services Needed More than Ever as Foreclosures Top 1 Million So Far This Year, “We’re just at the forefront of this crisis.” Unfortunately for a lot of homeowners, we were all too correct.

According to the US News and World Report article, Why Do Home Foreclosures Keep Rising? 6 Things You Need to Know:

Foreclosure filings were reported on more than 1.5 million properties in the first six months of the year, a 15 percent increase over the same period of last year, according to RealtyTrac. All told, 1 in 84 American homes—or 1.19 percent—received a foreclosure filing during the period.

In the last paragraph of the article, the editor writes that housing experts expect this trend to continue for the next year to a year and a half.

While that’s bad news for the economy, it’s presents an excellent outlook for those who want to start a real estate-related services business like foreclosure cleaning and/or property management.

P.S.: Find Foreclosure Jobs! Did you know that you can find a foreclosure job with a simple click of your mouse? You can using Foreclosure Business News’ new job search portal. It’s just to the right here. You can search by job title, category, keyword, city and/or state. Find your dream job in this exciting real estate niche today!

Copyright © 2009 Yuwanda Black for Foreclosure Business News