Foreclosure ~ Facts 2010 and 2011
We love posting positive things, recipes, ENCOURAGING articles, but this article from Bloomberg and another from Yahoo Finance get to the heart of why our website exists.
It is a new economy.
- 3 million homes foreclosed since 2006
- Over 1 million Americans lost their homes in 2010
- 2.87 million properties got a notice of default last year
- Foreclosure rates may jump 20% in 2011
- 5 million loans are seriously behind, but not in default yet
- 1 out of 45 American households recieved a foreclosure notice last year
- The foreclosure crisis is the biggest threat to the American economy, according to many analysts
Americans are hurting, people are struggling. How do you face losing a job, then potentially your home? How do you face a huge financial crisis?
One of the huge things we are doing at The Prudent Wife is staring this economy in the face. What can you do NOW to help yourself through these devastating times.
Our goal is to help people navigate the storms, based on biblical principles.
Much more to come....
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