Financial Options For Mortgagors In A Declining Economic Market

Abstract

Certainly, the current economic situation has drawn the focus of a large portion of the country to the lending industry and housing market. As lenders change their lending requirements in response to the credit crunch and pundits propose reforms designed to avoid future problems, part of this focus and momentum should be on the plight of the mortgagor’s in this country. This article will examine the varying options currently available to mortgagors who are in difficult financial circumstances. Providing various alternatives, each of which falls short of achieving their ideal goals.