us bankruptcy sacramento

us bankruptcy sacramento

The economic crisis, the impact on the United States and other parts of the world has caused many people to lose their jobs. The unemployment rate continues to rise, and immediate solution is in sight.

Unemployment may affect different aspects of a person's life, but in the United States, it has mainly To pay an impact on the ability of American homeowners for their monthly installments. Unemployment is on the rise in the rate of mortgage overdue Claims resulted.

According to the latest report from Equifax, one of the largest financial institutions, offices, in August, 7.58 percent of American homeowners failed to make their monthly mortgage payment on time, compared with 7.32 percent in July. The owners were more than thirty days late in their mortgage Payments.

The latest statistics are alarming when compared to the statistics of two years ago. In August 2007, 3.44 percent of homeowners falling behind on their mortgage payments while in August 2008 it was 4.89 per cent.

In addition, a holding company, Moody's, reported a 32 percent increase in personal bankruptcy Filings in the month of August.

These statistics do say a lot about the current financial situation Americans. Unemployment is not only a struggle to keep enough Food on the table. It is also a struggle to keep the roof over your head. If this trend continues, there may be foreclosures.

The federal government is However, optimistic. The real estate market shows signs that she is recovering slowly from the recession of recent years.

American consumers are changing Also their spending habits. Despite the increase in mortgage delinquencies, Americans keep up with other bills. The report showed that Equifax Credit Default rates declined in August. The trend is in accordance with the last three months. Subprime card delinquencies also fell.

Americans are saving more. The power savings is 5 percent, which according to Equifax, the interest that the United States for years experienced.

It could some truth to the cliché that is created for every bad thing that happens is a good thing.

By the government's efforts to revive the economy can reduce unemployment, and, as a result, mortgage failures may decrease. We'll see.

Josh Harmatz is the Chief Operating Officer for Voyage Financial Mortgage, Inc. and has worked in all capacities of the lending business throughout the last seven years.

An Honors graduate from the School of Business at Sacramento State with both a BS and an MBA, he believes his higher education is the cornerstone of his success.

He operates his mortgage business with the highest integrity and a strong work ethic, while building reliable relationships with all of his clients. He is committed to his vision of improving business operations through technology, education and trust.

Sacramento Discount Bankruptcy

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