31
Mar
Home Foreclosures and Unemployment
home foreclosures
Job loss and reduced income are the top reasons that many U.S. homeowners are facing foreclosure, according to a recent report by NeighborWorks America, which administers the National Foreclosure Mitigation Counseling (NFMC) program. The report finds that 54 percent of U.S. homeowners who received foreclosure counseling through the program were facing foreclosure because of job-related reasons.
