Buying a home is already stressful enough before you add credit worries to the mix. Click here to learn the effects mortgages can have on your credit (and vice versa) to understand what you need to worry about and what you don’t.Read More →
The States With the Most and Fewest Foreclosures in the U.S.
What Are Owner-Financed Homes — And How to Get One
How Long Does It Take to Close on a House?
The States With the Most Foreclosures
Homeownership is a long-term commitment. But even if you’re financially stable when you buy a home, there’s no guarantee you’ll remain that way for the 15- or 30-year term of your mortgage loan. One in every 1,882 homes is in foreclosure in the U.S., according to August 2018 data from RealtyTrac. That’s 555,120 homes total, which is 7 percent lower than the same time last year. Some states are well below the national average. In South Dakota, for instance, only 1 in 26,121 homes is in foreclosure. Fourteen states, however, have a higher foreclosure rate than the national average, and a handful has close to double or triple the rate nationwide. Here are the 25 states with the most foreclosuresRead More →