Fred Harteis News Articles - Foreclosures can affect the value of your property even if you've been paying your mortgage faithfully. Here are some ways you can protect your home's worth if your area is hit hard by foreclosures.
1: Know the effect
Subprime foreclosures will cause 44.5 million homes to lose a total of $223 billion in wealth over the next few years. This works out to about a $5,000 loss on nearby households, according to the Center for Responsible Lending.
It's estimated that for every foreclosure in your neighborhood, your ... more »