When housing markets were hot, homeowners could often avoid default through
two ready made options, according to Sharga: They could sell to a ready
market or they could use the increase through appreciation in their equity
to refinance their homes. Increasingly, both those options are evaporating.
Chicken Smith View:
I just scanned my local newspaper and saw tons of foreclosure notices I hadn’t noticed before. Was I simply not looking for them or are there now really two pages worth of foreclosures during a weekday edition?