Louisiana loan modification
Louisiana loan modification
The rate of loan modifications and foreclosures in Louisiana is up and down, to tell you the truth it is hard for me to get a good read on the state of the economy of Louisiana as a whole. Things are obviously “not up to snuff”, but is Louisiana as bad off as other states that have experienced a significant downturn in their economy?
Recent data suggests that Louisiana is on its way to a turnaround, which is excellent news. Foreclosures in the state were down over 20% from where they were this time last year. That not only means that the real estate market in Louisiana is doing better, that also means the economy in general is on its way up. If more people are making their monthly mortgage payments that means that they have money to pay for it, which means they have jobs!