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New Research Points To Increase In Baltimore Foreclosures In 2012

Although it may be good news for those who are currently looking to buy a house, the recent reports of an increase in foreclosures in 2012 should raise some concern among those who are struggling to make their mortgage payments. The sluggish economy continues to take its toll on many homeowners, and we can definitely see this reflected in the most recent numbers. According to recent data from RealtyTrac, 125 of the 212 major metro areas across the United States saw more foreclosures in the first half of 2012 than they did in the last half of 2011.

Of the 20 biggest metro areas in the nation, half saw an increase in foreclosures in 2012, including New York, Tampa, Chicago, Baltimore, and Philadelphia. The Baltimore metropolitan area was among those that sustained the biggest surge in foreclosures, seeing an increase of about 21 percent. Tampa reported a surge of almost 47 percent more foreclosures.

Many Americans continue to struggle with debt and live with the constant fear of losing their homes. If you are facing foreclosure and don’t know where to turn to save your home, order a FREE copy of our important book Stopping Foreclosure in Maryland—The Truth About Loan Modification, Mediation, and Chapter 13 Bankruptcy, which will help explain your options. For more information, just give us a call at 855-4MD-BANK, or use the easy online contact form on this page to get in touch with an experienced Baltimore City bankruptcy lawyer today.

News Source: www.CBSNews.com

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About the Author

Attorney James Logan provides dedicated and personalized legal representation for bankruptcy and foreclosure cases in Baltimore, MD.