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By LaToya Irby, About.com Guide to Credit / Debt

Foreclosure Filings up 53% - What You Can Do to Keep Your House

Monday July 14, 2008

The mortgage crisis continues. This year, June saw 53% more foreclosure filings than June last year. The hardest hit states include Arizona, California, and Florida. Experts expect the foreclosure filings to continue to grow.

Even though there are efforts to help homeowners keep their homes, the sad fact is many people will lose their houses. One expert says foreclosure is inevitable for people who took on mortgages they simply couldn't afford.

If you see a foreclosure on the horizon, start working early to prevent it.

Source: AP

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