Foreclosures Skyrocketing in Military Towns | WHAT REALLY HAPPENED


Foreclosures Skyrocketing in Military Towns

Foreclosures in many military towns are increasing at rates drastically above the national average, according to RealtyTrac’s Q1 2008 U.S. Foreclosure Market Report. Military personnel may have been targeted by unscrupulous mortgages because of credit problems that can sometimes result from the frequent moves required of them. Although it is unknown how many of the foreclosures in these areas are specifically attributable to military personnel, these skyrocketing rates could have an adverse effect on already struggling markets across the country.

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