What Causes Home Fourclosures?
As a long-time investor in houses at various stages of the foreclosure process, I've learned there are many reasons why some homeowners stop paying their mortgages. Statistically, less than 1 percent of homes go through all or part of the foreclosure process each year. But the result is that thousands of houses and condos are lost by their owners due to foreclosure.
The primary causes of residential foreclosures include divorce, unemployment, death or serious illness in the family, drug and alcohol addictions, mental problems and local economic conditions. Whatever the cause of the mortgage default, somebody is going to profit. If you didn't cause the homeowner's problem, the person who benefits might as well be you.
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- Buying Tax Lien Foreclosures to Save Money
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- The Process Of Foreclosure Filings


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