In some areas of the United States, as many as 10 homes per block faced foreclosure last year. The reason: sub-prime mortgages offered by unscrupulous real estate brokers and predatory lenders, according to a new study on the epidemic of foreclosures. The crisis has even spawned a new group of real estate predators that offers to counsel homeowners in default, or "help" them refinance their homes. If you are behind on your payments, contact your lender to discuss restructuring your loan.
