With so much in the news about foreclosures and lost property, its important to take a look at what gets a homeowner to that point. While falling delinquent on mortgage payments can certainly be cause for foreclosure, there’s also the property taxes that must be paid on time–if they aren’t the house can be seized by the bank.
Here in Memphis, we’ve learned there are places where financially stressed homeowners can go to get advice on managing the payments outside of simply the mortgage payment. Workshops through Regions Bank and other financial institutions can help get you on the right financial path. The Memphis movers want to see the foreclosure trend expire–seek help if you need it!