Job Loss Blamed in Foreclosures

Summary


Job loss and unexpected medical bills are the top factors leading to home foreclosures in Pennsylvania, according to a survey by the Pennsylvania Association of Realtors.

The association commissioned a survey of 500 homeowners in the state who faced foreclosure in the past 12 months. It found that in the 12 months before their foreclosures began:

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Extract


Job Loss Blamed in Foreclosures

57 percent of respondents had experienced a job loss

47 percent had been hit with unexpect...

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