Casper Foreclosure Rates
November 6, 2009
Reported by Rina Nakano
Foreclosure rates in Casper are hiking up. But thank goodness they aren't quite yet at the national level.
Compared to the national 3%, Casper’s foreclosure rate is 1% but has doubled in the last year.
Currently there are 60 to 70 foreclosed homes in the city of Casper. And those numbers seem to be growing.
The most common reasons for foreclosures are job losses across several industries and the sub prime home sales.
However, bankers say if you feel like you are on the brink of a foreclosure make sure to talk to your banker early to try to adjust payment methods and modify obligations.
Gary Trapkus of hilltop national bank says, "See what payments might be possible. See what your cash flow is. See what your other obligations are and see what might be adjusted so that you can stay in the house."
Additionally, real estate brokers say even if your home has been foreclosed, as long as you keep your credit scores and track records decently high you should be qualified to purchase a home within three years.
;)
