Market Watch on October 24 stated that the recent recorded nationwide foreclosure rate was the lowest since February 2008 as the housing market continue to normalize after the crisis.

According to the data of Florida-based firm Black Knight Financial Services, active mortgages nationwide recorded was 1.76 percent, making it the lowest since the first quarter of 2008. A top economist from Trulia observed that nationwide foreclosure has recovered by 74 percent, compared to 56 percent last year. Non-current and “seriously delinquent” loan inventories nationwide also continue to improve, the report said.

Though nationwide foreclosure continues to improve, there are still 3.7 million homes in the foreclosure process. The lawyers of Hong Law, PLC know that many homes in Cedar Rapids are still being threatened by this. If you are in such situation, our skilled lawyers may possibly help you defend your property from being taken away from you. Find out how we may work for you today by calling (319) 632-1400.