Real estate experts recently observed that the Russell County foreclosure rate is one of the highest in the state of Alabama, making its way to the 9th spot, an article of wtvm.com reported on June 30.
According to reports, of every 1,200 homes in Russell County, at least one is being foreclosed upon. Members of the community do not find this development to be a surprise, since The Department of Defense cut 3,000 jobs at the nearby military base, Fort Benning. Military personnel either own or lease many of the houses in Fort Mitchell since it makes an easy commute to Fort Benning, which is one of the biggest employers in the area. Although the foreclosure rate in the area has increased, increased foreclosures translate to lower prices for buyers.
Many families are left in trouble when their homes are foreclosed on. If you were the victim of a foreclosure, enlisting a qualified attorney can help you protect your home. Speak with an attorney at Greenway Bankruptcy Law, LLC in Birmingham today by calling (205) 324-4000 to learn more about your options.