The highest unemployment in history was posted in 1983; at least, until a few years ago. As a matter of fact, the average unemployment rate in the United States in 2008 was very close to 10 percent. Several states posted unemployment rates that were nearer to 20 percent. While this fact is probably quite alarming what many people might find to be even more interesting is that roughly 60 percent of all bankruptcies filed over the past few years have been due to medical expenses. When you think about the fact that a higher unemployment rate may result in fewer people with medical insurance, this statistic makes perfect sense.

With cost of living on the rise and an unemployment rate holding steady, the lack of medical insurance continues to plague many Americans. Stretching dollars can only take a family so far and this is, unfortunately, one reason why many families eventually have to start cutting back on things. When these cutbacks start to affect monthly bills, though, it is the sign of a much bigger problem. When it starts to affect your mortgage payment, though, it is beginning of a possible foreclosure and that is a very big problem to have to try to remedy on your own.

Recent presidential administrations have tried to introduce policies and regulations that help homeowners at every level the heavy reality of the slow economy has continued to make it very difficult to stay on top of bills. This includes everything from your mortgage to groceries, but also things like fuel for your car, utilities for your home, and, of course, medical expenses. Obviously, every family that might be dealing with unemployment will also have to face the possibility of reducing one or all of these expenses as well.

When you take all of these things into account it is quite easy to see how some homeowners have found themselves in a recently sticky situation. For this group of homeowners, the economic slowdown has brought upon the potential for foreclosure and immediate measures must be taken in order to prevent it. If they do not act quickly, then, this population of consumers could end up losing their homes.

For people in situations like this, though, foreclosure does not have to become a reality. As a matter of fact, there are several other options that are available, even if it seems there is no way out; you just have to know where to look. SellFastUSA, for example, is a company with a long track record of helping distressed home owners comeback from the realm of foreclosure. This company was founded by Allan Garfield, a 20-year veteran in the mortgage and home lending world. The team Garfield put together at SellFastUSA, though, has a combined experience of more than 150 years. Altogether, then, this team is more than qualified to help you or anyone facing a foreclosure to find remedy. They know all the tricks and have access to many strategies that have helped millions of people sell their home in as little as 10 days.

Are you looking for more information on foreclosure? Visit http://www.sellfastusa.com/ today!

Are you looking for more information on foreclosure? Visit http://www.sellfastusa.com/ today!

Author Bio: Are you looking for more information on foreclosure? Visit http://www.sellfastusa.com/ today!

Category: Real Estate
Keywords: medical insurance,higher unemployment rate,higher unemployment