Housing Foreclosure Problem

My friends in the US are now working so hard since almost half of their monthly income go to their monthly house amortization. As we all know, thousands of houses are about to be foreclosed by the banks or any institution where they have housing loans.

Thousands of families have done anything to avoid foreclosure and keep their hard earned investment in homes. But because of the present problem in global banks which affect millions of borrowers, houses are at risk not only in the US but in the whole world. We’re lucky if we could refinance it at more favorable terms but as of now prices still continue to drop. People turn to foreclosure prevention service companies.