Essence Magazine:
By Jasmine Browley· Updated January 9, 2023
U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions have increased 57% from a year ago according to ATTOM, a real estate data firm.
Foreclosure is a process that begins when a borrower fails to make their mortgage payments. Rocket Mortgage explains, “When a home is foreclosed upon, the lender typically repossesses and attempts to sell the house. This happens because mortgage loans
This post first appeared in Essence Magazine. Read the original article.