The number of foreclosures on homes will continue for many months if not years.  Many of these foreclosures are a result of predatory loans that were given out with the intention of causing a default of the applicant.  These predatory loans have been one of the main reasons for the financial state of the economy. 

Many of these sub-prime loans will "hit" with higher interest rates over the next few months on many consumers.  These increased interest rates will have a negative impact on many individuals, and will no doubt cause the rise of home foreclosures. 

If you have a sub-prime loan that is set to increase in the interest rate soon, you must take action to protect yourself and your belongings. 

If you are facing foreclosure, contact the Maryland mortgage modification attorneys of Chaifetz & Coyle, PC at 410-992-0444.