Foreclosures Cost Neighbors $1.95 trillion

The All My Sons of Jacksonville know that home residential foreclosures affect not only the families that are evicted and the lenders, it also has an impact of neighborhoods. According to a new report from The Center for ResponsibleLending, Americans have lost almost 2 trillion in equity from nearby foreclosures. That's the equity that was lost by the neighbors from homes that were foreclosed on from 2007 and 2011, not the losses that the foreclosed homeowners themselves were subjected to or even the tax revenue the communities have lost. The local Jacksonville movers learned that Americans are estimated to have lost $7 trillion in equity during the foreclosure crisis. All My Sons of Jacksonville moving specialists found out more than half of the $1.95 trillion in lost equity came from minority homeowners with neighborhoods that suffered disproportionately from bad subprime loans.

Are you faced with a foreclosure? Do you have to move out of your home? Call the local Jacksonville movers for professional moving services at an affordable moving quote. The All My Sons of Jacksonville movers are backed by four generations of reliable movers with experience in commercial moves, long distance moves and auto moves. The local Jacksonville movers are part of the All My Sons Movingand Storage family with moving offices across the U.S. including All My Sons of Atlanta, All My Sons of Salt Lake City and All My Sons of Raleigh.