Good news could be on the way for homeowners having a difficult time making their mortgage payments. Later today, Attorney General Roy Cooper will announce a plan to help North Carolina homeowners avoid unnecessary foreclosure.
 
Although the Raleigh, Durham, Triangle area has had a relatively stable market, sales did drop 19% in December 2007 and North Carolina foreclosures have risen 9.4% in 2007 according to the states banking commission.  It is forecasted that foreclosure will peak in the middle of 2008.
 
The average home price did rise slightly from $236,628 to $237,499. However, it has become more difficult for homeowners to sell their homes on their own because consumers have been drawn toward searching online and through the mls. It is advised that if you are having difficulty making your mortgage payment to consult a Realtor to discuss your options. If you are facing foreclosure or interested in viewing foreclosure properties feel free to contact Team For Your Dreams for assistance.