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With the way the housing market has been there have been a large number of homes going into foreclosure, much more than usual. The housing market hit a real high a couple of years ago and the sudden drop has actually caused a lot of problems for sellers. I personally bought a home in 2003 for $246,000. I then sold that home in 2005 for $535,000. I recently heard that the new owners had the home in Foreclosure and couldn’t sell it at the listed price of $365,000. That is a big drop. I bought at the right time and sold at the right time. I was lucky, I could have been the second buyers who lost almost $200,000 in less than two years due to the drop in the market. It was actually easier for them to let the house go into foreclosure then try to take that big of a loss.

This is becoming more and more common. People are being forced into foreclosure by the drastic real estate market changes. That is why I feel there is actually a shortage of foreclosure information sites out there so when I found this one, I wanted to share. Got Trouble.com is a great place to find information on Foreclosure. When you are having to deal with the stress of a foreclosure it can really help ease the burden to know the exact rules and of the foreclosure process, how to deal with the lender, and state specific laws. If you are in the process of a foreclosure or are feeling that it is a route that you may have to take, this is a great place to find the information you need.