
The COVID-19 pandemic has left many families struggling to make their financial ends meet. According to CoreLogic, 7.3% of mortgages in the US were in some form of delinquency in May 2020—the highest rate since August 2014. Delinquency rates have increased in every state across the US. Severely delinquent mortgages (90+ days past due) may be at risk of foreclosure.
The Pre-Foreclosure Process
Before a foreclosed property can be sold, the borrower must be properly notified in accordance with the federal Fair Debt Collection Practices Act (FDCPA; 15 U.S.C. Read More ›