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With moves because of divorce or foreclosure, difficulties may be best traceable to marital breakup and income loss.
The easiest way out of her current foreclosure difficulties is to abandon the case against the banks that have been making her miserable for four years and simply pay off the loan.
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This may involve foreclosure or just difficulty paying bills, or gradual changes in opinion about how to live in an economic downturn.
"Continued strength in housing prices helps households having payment difficulties avoid foreclosure," Mr. Duncan said.
ZENA COLLINS of Gaithersburg, Md., is yet another Countrywide borrower who, while not in foreclosure, is in financial difficulty.
Unfortunately many people are losing their homes due to foreclosures or other financial difficulties.
But the figure that I've seen is that foreclosed homes which are going on the market because not all of them have been held up by this difficulty on the foreclosure process sell for somewhere between 10% and 20% below the market.
The first developer assembled the parcels in the 1980's, but got into financial difficulties and came close to foreclosure.
As a result, homeowners who were facing financial difficulties find themselves at risk of foreclosure, especially if the insurance premium is substantial.
The quickening pace of decline could hurt the broader economy by leading to more foreclosures as homeowners have difficulty refinancing mortgages and by sapping consumer spending as Americans feel less wealthy.
The targets of the fraud included desperate homeowners who were having difficulty making mortgage payments or facing foreclosure, Mr. Bharara said.
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