In today's economy, the worst since the Great Depression of 1929, more and more Fremont homes are falling into foreclosure.

According to the Mortgage Bankers Association (MBA), the U.S. is "embroiled in the worst foreclosure crisis in recorded history. In 2007, more than 14% of subprime borrowers are defaulting and prime borrowers are beginning to follow suit."

Many Americans refer to themselves as 'homeowners'. Most 'Fremont homeowners', however, do not unconditionally own their Fremont home ... they, in effect, borrow it from a lender (or a number of lending institutions).

If Fremont homeowners fail to make the monthly payments specified in the mortgage agreement, the lender has the legal right to repossess and sell the house in a process referred to as 'foreclosure'.

Foreclosure is usually not an option Fremont homeowners choose. The homeowner is most often a victim of job loss, increased credit card interest rates, illness, divorce or necessary relocation.

Nor is foreclosure a simple process: the lender cannot simply evict the Fremont homeowner and take possession. Various state laws and regulations protect both parties from unfairness and fraud.

Thank you for taking the time to read the information I have made available to you. This information is brought to you by your Fremont real estate expert Clyde Brown.  If you are considering buying or selling property, planning to relocate, looking for Fremont homes for sale, or looking for any other information about real estate in the Fremont real estate market, or the surrounding areas, please visit the most complete website dedicated to everything real estate related www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Bay Area Realtor, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. For all your East Bay cities needs including Fremont, Newark, Union City, Hayward, Oakland, Santa Clara, Milpitas, Dublin, Livermore, Pleasanton, and San Ramon. Clyde Brown Legacy Real Estate & Associates.