It’s not a good thing for any one individual to go through. But the truth is that foreclosures are on the rise again, as the article describes. Careful planning is important for anyone going through the process, whether or not the plan is to save the house, to sell it, or to let it go. There are consequences often not considered without professional advice, from deficiency claims and lawsuits to tax implications.
Knowledge is power. Contact us with any questions that you may have.