Recent Foreclosure Statistics Show You Could Be At Risk

The foreclosure statistics are staggering – in the past year, the United States has seen a 112% increase in the number of foreclosures! This number is expected to get worse with the current dismal economic conditions. Are you one of the millions of Americans who is having trouble reducing mortgage debt and paying all your other bills? You are not alone.

There are key foreclosure statistics we should all keep an eye on as they could be indicators that you are at risk. These include:

1. The number of homes that will be foreclosed upon
2. How much your property value can be reduced based on foreclosures
3. How much the average American spends vs. how much they earn

1 out of 200 Homes Will Face Foreclosure

The number is baffling. Chances are you can easily count out 200 homes in your neighborhood. This statistic is ten times worse when you think of all the people who qualify for mortgages without truly being able to afford them. If you are one of those people dealing with mortgage debt burden that you really can’t afford, it’s time to do something about it before it’s too late. You need to get a plan in place to reduce mortgage debt now you are not that 1 in 200.

One Foreclosure Can Reduce the Property Value Around it By Almost $250,000!

This statistic may not seem applicable at first glance, but take a closer look. When the value of your home goes down, you can no longer refinance to try and get a lower interest rate. So if you’re having trouble with mortgage debt burden now, you will be stuck in that boat for years to come. The best thing you can do in this situation is reduce personal debt so you can free up more money to put toward your mortgage.

Almost Half of All American Households Spend More Than They Earn

Perhaps one of the most eye-opening foreclosure statistics is the fact that most Americans still spend more on day-to-day expenses and debt than their true incomes allow. This means personal debt increases and it leaves no “extra” money to make that mortgage payment. As a society, we must reduce our dependency on debt and begin reducing personal debt. By paying a little more on your mortgage each month, you can reduce the overall interest and cut the number of total payments. That will help you avoid foreclosure and avoid becoming another statistic.

Now You Can Reduce Mortgage Debt in as little as ½ The Time!

Finally, some good news to counter all the negative foreclosure statistics outlined above. There is a debt reduction program that can help you eliminate mortgage debt in as little as half the time using your existing income. It’s called the Money Merge Account® program and it can help you avoid becoming just another foreclosure statistics.

At the heart of the Money Merge Account program is a powerful suite of software that teaches you how to “bank like a bank” and how to make your money work harder for you. It finally levels the playing field between you and your lender.

Stop Paying Twice The Amount Of Your Home In Interest!

Did you know that many of us with a standard 30-year mortgage can end up paying up to three times the amount of our home? The fact that 2/3 of that is interest definitely contributes to the painful foreclosure statistics! One of the key mortgage debt elimination techniques the Money Merge Account software employs is the ability to cancel future mortgage interest.

The Money Merge Account system centralizes all your income, expenses and debt (including your mortgage debt) and analyzes every factor to develop a plan for mortgage debt elimination. It takes into everything on your mortgage from the principal amount, minimum payment, interest rate (even if it’s an ARM). It also includes an analysis on other debt, such as excessive credit card debt, which we know is likely from one of the other foreclosure statistics.

From there, the Money Merge Account debt reduction software prompts you exactly when to make your mortgage payment, and in what amount, to pay the most on the principal so you are reducing mortgage debt. When you reduce overall debt, the overall interest goes down. So you have, essentially, cancelled future interest charges! The software also shows you how to leverage a savings account to accumulate more interest so you can pay even more on your mortgage without taking a second job. That’s just the beginning!

Don’t turn into one of the foreclosure statistics - get the Money Merge Account program today. To use the program, you only need a checking account, savings account and the accelerated debt reduction software. The Money Merge Account program will walk you through step-by-step and show you how to prevent becoming one of the foreclosure statistics and how to eliminate mortgage debt in as little as ½ the time!

More FREE Information

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Avoiding Foreclosure in 3 Easy Steps

How to Avoid Foreclosure – Common Misconceptions About Managing Your Mortgage

Options to Help Stop Foreclosure – FAQs About Common Foreclosure Solutions