A recent study examining multiple cities revealed that mortgage delinquency rates and foreclosures in Iowa are steadily declining.

Cedar Rapids’ recorded foreclosure activity in January 2014 was 1.97% compared to January 2013 when the foreclosure activity was recorded at 2.90%. Iowa City foreclosures also decreased in 2014 compared to 2013, specifically, by 0.74%.

Financial trouble can be stressful especially when it concerns real estate. The attorneys at Hong Law, PLC, assist Cedar Rapids homeowners that face foreclosure. Call our offices today at (319) 294-5853 to speak with a knowledgeable member of our legal team.