The city of Detroit, Michigan has spent nearly $20 million dollars since 2009 to demolish around 4,000 homes. CBS's news show 60 Minutes recently had a report in Cleveland, where that city is also bulldozing homes in order to save home values. The report also highlighted the fact that foreclosures are on the rise in the suburbs. As values remain low, more and more homeowners are having trouble paying a mortgage that is worth more than the house itself. Some people stop paying because they can no longer afford to, while others simply don't see the point in continuing to pay, even though they might be financially able.
No matter what your situation, if you are in Florida you should contact a Florida Foreclosure Defense Attorney or a Jacksonville Foreclosure Defense Attorney Attorney to explain how a foreclosure suit, and a foreclosure judgment, can affect your personal situation. Nobody should have to face a foreclosure action alone, and an attorney can be a powerful ally if the bank decides to foreclose.
